Nexxen International Q4 Adj. EPS $0.20 Beats $0.14 Estimate, Sales $95.92M Beat $88.580 Estimate
Portfolio Pulse from Benzinga Newsdesk
Nexxen International (NASDAQ:NEXN) reported Q4 adjusted EPS of $0.20, surpassing the $0.14 estimate, with sales of $95.92M exceeding the $88.580M estimate. This represents a 33.33% decrease in earnings and a 10.94% decrease in sales from the same period last year.

March 06, 2024 | 12:35 pm
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Nexxen International reported a significant beat on both earnings and sales estimates for Q4, with a 33.33% decrease in earnings and a 10.94% decrease in sales year-over-year.
Beating both earnings and sales estimates significantly, Nexxen International demonstrates strong performance for the quarter, despite the year-over-year declines. This positive surprise could lead to short-term bullish sentiment among investors, potentially driving the stock price up. However, the year-over-year decreases in earnings and sales might temper some of the enthusiasm, hence the importance is not at the maximum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100