BuzzFeed Q4 2023 GAAP EPS $0.03 Misses $0.06 Estimate, Sales $75.700M Miss $104.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
BuzzFeed (NASDAQ:BZFD) reported Q4 2023 GAAP EPS of $0.03, missing the $0.06 estimate, and sales of $75.7M, below the $104.6M estimate. This represents a 43.77% decrease in sales compared to the same period last year.
March 25, 2024 | 8:36 pm
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NEGATIVE IMPACT
BuzzFeed reported Q4 2023 earnings with an EPS of $0.03, missing estimates by 50%, and sales of $75.7M, missing estimates by 27.63%. Year-over-year sales decreased by 43.77%.
The significant miss in both EPS and sales estimates, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100