CORRECTION: Manchester United Q1 Adj EPS $(0.07), Same YoY, Sales $198.88 Vs $169.16M YoY
Portfolio Pulse from Benzinga Newsdesk
Manchester United (NYSE:MANU) reported Q1 adjusted EPS of $(0.07), which is unchanged from the same period last year. However, there seems to be an error in the reported sales figures, as it states sales were $195.04, a 100% decrease from $169.16M last year, which is contradictory.
January 17, 2024 | 11:07 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Manchester United's Q1 earnings report shows no change in adjusted EPS from last year, but the sales data may be incorrect, indicating a need for clarification.
The reported earnings per share (EPS) being consistent with the previous year suggests stability, which might be viewed neutrally by investors. However, the apparent error in the reported sales figures introduces uncertainty, which could temporarily affect the stock price until the company provides clarification. The importance is high due to the nature of earnings reports, but confidence in the impact is moderate until the sales data is confirmed.
CONFIDENCE 50
IMPORTANCE 75
RELEVANCE 100