Reading Intl Q4 EPS $(0.56) Misses $(0.39) Estimate, Sales $45.30M Miss $51.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reading International (RDI) reported Q4 losses of $(0.56) per share, missing the $(0.39) estimate, and sales of $45.30M, missing the $51.87M estimate. This represents a slight improvement in losses but a decrease in sales compared to the same period last year.
April 01, 2024 | 1:13 pm
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NEGATIVE IMPACT
Reading International reported worse than expected Q4 earnings and sales, missing analyst estimates. This indicates a slight improvement in losses but a decrease in sales year-over-year.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The slight improvement in losses may not be enough to offset the negative impact of missing estimates and the decrease in sales compared to last year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100