LiveOne Q3 EPS $(0.03) Misses $(0.02) Estimate, Sales $31.25M Miss $31.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
LiveOne (NASDAQ:LVO) reported Q3 earnings with a loss of $(0.03) per share, missing the $(0.02) estimate by 50%, and sales of $31.25M, missing the $31.70M estimate by 1.44%. Despite these misses, the company saw a 25% decrease in losses and a 14.41% increase in sales compared to the same period last year.
February 08, 2024 | 1:51 pm
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LiveOne reported a Q3 EPS loss of $(0.03), missing estimates by 50%, and sales of $31.25M, slightly missing estimates. Year-over-year, losses decreased by 25% and sales increased by 14.41%.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the year-over-year improvement in reducing losses and increasing sales might mitigate some negative impacts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100