Dolphin Entertainment Q4 EPS $(0.54) Down From $(0.21) YoY, Sales $12.00M Beat $11.10M Estimate
Portfolio Pulse from dijoy@benzinga.com
Dolphin Entertainment (NASDAQ:DLPN) reported a significant increase in quarterly losses to $(0.54) per share from $(0.21) YoY, despite beating sales estimates with $12.00M against the expected $11.10M. This represents a 157.14% increase in losses and a 7.73% increase in sales compared to the same period last year.
March 28, 2024 | 9:06 pm
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NEGATIVE IMPACT
Dolphin Entertainment reported a significant increase in quarterly losses but exceeded sales expectations.
The substantial increase in losses YoY is likely to concern investors, overshadowing the positive sales performance. This could lead to negative sentiment in the short term, impacting the stock price negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100