Loop Media Q2 2024 GAAP EPS $(0.11) Misses $(0.10) Estimate, Sales $4.002M Miss $6.123M Estimate
Portfolio Pulse from Benzinga Newsdesk
Loop Media (AMEX:LPTV) reported Q2 2024 earnings with a GAAP EPS of $(0.11), missing the $(0.10) estimate, and sales of $4.002M, missing the $6.123M estimate. This represents a 25.79% decrease in sales compared to the same period last year.
May 03, 2024 | 8:31 pm
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NEGATIVE IMPACT
Loop Media reported a Q2 2024 GAAP EPS of $(0.11) and sales of $4.002M, both missing estimates, with a significant year-over-year sales decrease.
Missing both EPS and sales estimates, especially with a significant year-over-year decrease in sales, typically leads to negative investor sentiment and could result in a short-term price decline for LPTV.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100