Beasley Broadcast Group Q1 Sales $54.380M Miss $55.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beasley Broadcast Group (BBGI) reported Q1 sales of $54.380M, missing the consensus estimate of $55.100M by 1.31% and marking a 5.88% decrease from the previous year.
May 08, 2024 | 11:15 am
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Beasley Broadcast Group's Q1 sales missed estimates and showed a year-over-year decline.
Missing sales estimates and a year-over-year decline in revenue are typically seen as negative indicators for a company's financial health and future prospects. This could lead to a negative short-term impact on BBGI's stock price as investors adjust their expectations.
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