Rumble Q1 2024 GAAP EPS $(0.21) Misses $(0.19) Estimate, Sales $17.73M Miss $18.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rumble (NASDAQ:RUM) reported Q1 2024 earnings with a GAAP EPS of $(0.21), missing the $(0.19) estimate, and sales of $17.73M, below the $18.27M estimate. This represents a 50% increase in losses per share and a slight 0.67% increase in sales compared to the same period last year.
May 14, 2024 | 8:06 pm
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NEGATIVE IMPACT
Rumble's Q1 2024 earnings report showed a miss on both EPS and sales estimates, with a significant increase in losses per share compared to last year and a marginal increase in sales.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term. The reported increase in losses per share year-over-year further exacerbates this outlook, suggesting a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100