Creative Media Q1 2024 GAAP EPS $(0.19), Inline, Sales $34.00M Beat $24.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Creative Media (NASDAQ:CMCT) reported Q1 2024 GAAP EPS of $(0.19), meeting analyst expectations. The company achieved sales of $34.00 million, surpassing the $24.54 million estimate by 38.56% and marking a 17.59% increase from the same period last year.
May 15, 2024 | 8:16 pm
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Creative Media (NASDAQ:CMCT) reported Q1 2024 GAAP EPS of $(0.19), meeting analyst expectations. The company achieved sales of $34.00 million, surpassing the $24.54 million estimate by 38.56% and marking a 17.59% increase from the same period last year.
The company's sales significantly exceeded analyst estimates and showed a strong year-over-year growth, which is likely to positively impact the stock price in the short term despite the EPS loss.
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