iHeartMedia Q1 Sales $799.038M Miss $805.854M Estimate
Portfolio Pulse from Benzinga Newsdesk
iHeartMedia (IHRT) reported Q1 sales of $799.038M, missing the consensus estimate of $805.854M by 0.85% and marking a 1.50% decrease from the previous year's $811.239M.
May 09, 2024 | 11:33 am
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iHeartMedia's Q1 sales of $799.038M missed estimates by 0.85% and decreased 1.50% YOY.
Missing sales estimates and a year-over-year decrease in sales are typically seen as negative indicators by investors, likely leading to a short-term negative impact on IHRT's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100