Qurate Retail Q1 2024 ADJ EPS $0.04, Inline, Sales $2.342B Miss $2.398B Estimate
Portfolio Pulse from Benzinga Newsdesk
Qurate Retail (NASDAQ:QRTEA) reported Q1 2024 earnings of $0.04 per share, meeting analyst estimates and marking a 180% increase from the previous year's losses. However, their quarterly sales of $2.342 billion fell short of the $2.398 billion estimate, a 11.42% decrease from the previous year.
May 08, 2024 | 11:10 am
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Qurate Retail reported Q1 2024 earnings per share of $0.04, in line with estimates, and a significant improvement from last year's losses. However, sales missed estimates and showed a year-over-year decline.
The earnings per share (EPS) meeting analyst expectations and the significant improvement from the previous year's losses are positive signs for QRTEA. However, the miss on sales forecasts and the year-over-year decline in sales could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100