Cineverse Q3 2024 GAAP EPS $(0.22) Misses $(0.16) Estimate, Sales $13.28M Miss $13.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cineverse reported Q3 2024 earnings with a GAAP EPS of $(0.22), missing the $(0.16) estimate, and sales of $13.28M, below the $13.36M estimate. This represents a 52.39% decrease in sales compared to the same period last year.
February 14, 2024 | 9:12 pm
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Cineverse's Q3 2024 earnings report showed a significant miss on both EPS and sales estimates, with a notable year-over-year sales decline.
Missing earnings and sales estimates, especially by significant margins, typically leads to negative investor sentiment in the short term. The substantial year-over-year sales decline further exacerbates concerns about the company's growth and operational efficiency, likely leading to downward pressure on the stock price.
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