Townsquare Media Q4 Adj. EPS $0.34 Beats $0.27 Estimate, Sales $114.79M Beat $111.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Townsquare Media (TSQ) reported Q4 adjusted EPS of $0.34, surpassing the $0.27 estimate, and sales of $114.79M, exceeding the $111.85M estimate. However, this represents a 48.48% decrease in EPS and a 4.56% decrease in sales from the same period last year.
March 15, 2024 | 10:04 am
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Townsquare Media reported higher-than-expected Q4 earnings and sales, but saw a decrease compared to last year.
The positive earnings and sales beat typically lead to a favorable short-term stock price reaction. However, the year-over-year decline in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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IMPORTANCE 90
RELEVANCE 100