Snap One Holdings Q1 2024 Adj EPS $(0.13) Misses $0.08 Estimate, Sales $246.078M Miss $254.320M Estimate
Portfolio Pulse from Benzinga Newsdesk
Snap One Holdings (NASDAQ:SNPO) reported Q1 2024 adjusted EPS of $(0.13), missing the $0.08 estimate, and sales of $246.078M, missing the $254.320M estimate. This represents a significant decrease in earnings and a slight decrease in sales compared to the same period last year.

May 07, 2024 | 10:20 pm
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Snap One Holdings reported a significant miss in Q1 2024 earnings and sales, indicating potential challenges ahead.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a notable decrease from the previous year's performance, suggests a negative short-term impact on SNPO's stock price. The magnitude of the miss and the year-over-year decline in performance are critical factors likely to influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100