What's Going On With Trump Media & Technology Group Stock?
Portfolio Pulse from Adam Eckert
Trump Media & Technology Group Corp (NASDAQ:DJT) reported first-quarter revenue of $770,500, missing analyst estimates of $1.12 million, and a quarterly loss of $3.61 per share. The company has $273.7 million in cash and plans to focus on long-term product development, including live TV streaming.
May 21, 2024 | 1:13 pm
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Trump Media & Technology Group Corp (NASDAQ:DJT) reported first-quarter revenue of $770,500, missing analyst estimates of $1.12 million, and a quarterly loss of $3.61 per share. Despite the miss, the company has $273.7 million in cash and plans to focus on long-term product development, including live TV streaming.
The company missed revenue estimates and reported a significant loss, which is likely to negatively impact the stock price in the short term. However, the substantial cash reserves and focus on long-term product development may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100