Live Ventures Q2 2024 GAAP EPS $(1.04) Misses $1.50 Estimate, Sales $118.626M Beat $105.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Live Ventures reported Q2 2024 earnings with a GAAP EPS of $(1.04), missing the $1.50 estimate, while sales of $118.626M exceeded the $105.000M estimate, marking a 30.18% increase from the previous year.

May 13, 2024 | 12:33 pm
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Live Ventures reported a significant miss on EPS estimates but exceeded sales forecasts for Q2 2024, indicating mixed financial health.
The miss on EPS estimates by a significant margin suggests potential concerns about profitability and cost management, which could negatively impact investor sentiment. However, the beat on sales estimates and a substantial year-over-year growth indicate strong demand for Live Ventures' products or services, potentially offsetting concerns about earnings. The mixed financial results make the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100