Urban One Q4 EPS $(0.23) Down From $0.05 YoY, Sales $120.34M Down From $132.04M YoY
Portfolio Pulse from Benzinga Newsdesk
Urban One (NASDAQ:UONEK) reported a significant decline in its Q4 earnings per share (EPS) and sales compared to the same period last year. The company posted a loss of $(0.23) per share, a 560% decrease from $0.05 per share last year. Sales also fell by 8.86% to $120.34 million from $132.04 million.
June 10, 2024 | 10:49 am
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Urban One (NASDAQ:UONEK) reported a significant decline in Q4 earnings and sales. The EPS dropped to $(0.23) from $0.05 YoY, and sales decreased by 8.86% to $120.34 million.
The significant decline in both EPS and sales is likely to negatively impact investor sentiment and the stock price in the short term. A 560% decrease in EPS and an 8.86% drop in sales indicate substantial financial challenges.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100