Recap: LiveOne Q3 Earnings
Portfolio Pulse from Benzinga Insights
LiveOne (NASDAQ:LVO) reported Q3 earnings with an EPS of $-0.03, missing estimates by 50% compared to the expected $-0.02. Revenue increased by $3.94 million from the previous year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 1.75% drop in share price the following day.

February 08, 2024 | 2:45 pm
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NEGATIVE IMPACT
LiveOne reported a significant miss in Q3 earnings with an EPS of -$0.03, missing the estimate by 50%. Revenue increased, showing some positive growth.
Given LiveOne's history of missing EPS estimates and the subsequent negative impact on its share price, as seen in the last quarter, it's likely that this earnings miss could lead to a short-term decrease in share price. The consistent pattern of not meeting EPS expectations, despite revenue growth, suggests investor confidence might be affected, potentially leading to a negative short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100