RumbleON Q1 2024 GAAP EPS $(0.29) Beats $(0.33) Estimate, Sales $307.800M Miss $329.719M Estimate
Portfolio Pulse from Benzinga Newsdesk
RumbleON (NASDAQ:RMBL) reported Q1 2024 earnings with a GAAP EPS of $(0.29), surpassing the $(0.33) estimate, but missed sales forecasts with $307.800M against an expected $329.719M, marking an 11.12% decrease from the previous year.
May 08, 2024 | 11:06 am
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RumbleON reported better-than-expected Q1 2024 EPS but missed on sales, with a significant year-on-year decrease.
While RumbleON's EPS beat may be viewed positively, the miss on sales forecasts and the significant decrease in sales compared to the previous year could concern investors. The mixed results present a neutral outlook, as the positive EPS beat may offset concerns about revenue shortfalls in the short term.
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