Qurate Retail Q1 2024 GAAP 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 but marking a 180% increase from last year's losses. However, their sales of $2.342B fell short of the $2.398B estimate, showing an 11.42% decrease from the previous year.
May 08, 2024 | 11:13 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.
While Qurate Retail's earnings per share met analyst expectations and showed significant improvement from the previous year, the miss on sales estimates and the year-over-year decline in sales could temper investor enthusiasm. The neutral score reflects the mixed nature of the financial results, with positive earnings offset by weaker sales performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100