Urban One Q1 EPS $(0.15) Down From $(0.06) YoY, Sales $104.41M Down From $109.87M YoY
Portfolio Pulse from Benzinga Newsdesk
Urban One (NASDAQ:UONEK) reported a Q1 EPS of $(0.15), a 150% decrease from $(0.06) YoY, and sales of $104.41M, a 4.97% decrease from $109.87M YoY.
June 10, 2024 | 10:50 am
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Urban One reported a significant decline in both EPS and sales for Q1. EPS fell by 150% YoY to $(0.15), and sales decreased by 4.97% YoY to $104.41M.
The significant decline in both EPS and sales indicates financial struggles, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100