Cineverse Q2 EPS $(0.04) Beats $(0.16) Estimate, Sales $13.01M Miss $15.47M Estimate
Portfolio Pulse from mahesh@benzinga.com
Cineverse (NASDAQ:CNVS) reported Q2 earnings with a loss of $(0.04) per share, outperforming the $(0.16) estimate, but experienced a 33.33% increase in losses compared to last year. Sales were $13.01M, missing the $15.47M estimate and showing a 7.10% decrease from the previous year.
November 14, 2023 | 10:30 pm
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NEGATIVE IMPACT
Cineverse reported better-than-expected Q2 EPS but missed on sales, with a year-over-year increase in losses and a decrease in sales.
While Cineverse beat EPS estimates, the miss on revenue and the year-over-year decline in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100