Skillz Q1 2024 GAAP EPS $(1.45) Misses $(1.24) Estimate, Sales $25.235M Miss $29.535M Estimate
Portfolio Pulse from Benzinga Newsdesk
Skillz Inc. (NYSE:SKLZ) reported Q1 2024 earnings with a GAAP EPS of $(1.45), missing the $(1.24) estimate, and sales of $25.235M, below the $29.535M estimate. This represents a 19.44% increase in EPS losses and a 43.14% decrease in sales compared to the same period last year.
May 09, 2024 | 9:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Skillz Inc. reported a larger than expected loss per share and a significant decrease in sales for Q1 2024, missing analyst estimates on both fronts.
The missed earnings and sales estimates for Skillz Inc. are likely to negatively impact investor sentiment in the short term. The reported increase in losses and significant decrease in sales compared to the previous year highlight operational challenges, which could lead to a decrease in stock price as the market reacts to these underperformances.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100