Qurate Retail Q4 2023 Adj. EPS $0.22, Sales $3.14B Beat $3.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Qurate Retail (QRTEA) reported Q4 2023 adjusted earnings per share of $0.22 and sales of $3.14B, surpassing the $3.12B estimate. This represents a 10.86% decrease in sales compared to the same period last year.
February 28, 2024 | 12:05 pm
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Qurate Retail reported a Q4 2023 adjusted EPS of $0.22 and sales of $3.14B, exceeding estimates but showing a sales decrease from last year.
While Qurate Retail exceeded sales and EPS estimates for Q4 2023, the significant year-over-year decrease in sales may temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The beat on estimates could be seen positively, but the decline in sales suggests underlying challenges that might concern investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100