Cumulus Media Q1 2024 GAAP EPS $(0.85) Beats $(1.32) Estimate, Sales $200.053M Miss $200.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cumulus Media (CMLS) reported Q1 2024 GAAP EPS of $(0.85), surpassing the $(1.32) estimate, but its sales of $200.053M fell short of the $200.300M forecast, marking a 2.74% year-over-year decline.

May 03, 2024 | 12:03 pm
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Cumulus Media's Q1 2024 earnings beat EPS estimates but missed on sales, with a slight year-over-year decline.
While the EPS beat is positive, the slight miss on sales forecasts and the year-over-year decline could temper investor enthusiasm. The mixed results suggest a neutral short-term impact on the stock price, as the positive earnings surprise may be offset by concerns over sales performance.
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