Reading Intl Q1 EPS $(0.59) Misses $(0.52) Estimate, Sales $45.05M Beat $43.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reading International (NASDAQ:RDI) reported a Q1 EPS of $(0.59), missing the $(0.52) estimate, but achieved sales of $45.05M, beating the $43.99M estimate. EPS decreased by 18% year-over-year, while sales decreased by 1.65%.
May 15, 2024 | 1:24 pm
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Reading International (NASDAQ:RDI) reported a Q1 EPS of $(0.59), missing the $(0.52) estimate, but achieved sales of $45.05M, beating the $43.99M estimate. EPS decreased by 18% year-over-year, while sales decreased by 1.65%.
The missed EPS estimate and the year-over-year decrease in EPS are likely to negatively impact the stock price in the short term, despite the slight beat in sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100