CORRECTION: Urban One Q1 EPS $0.15 Up From $(0.06) YoY, Sales $104.41M Down From $109.87M YoY
Portfolio Pulse from Benzinga Newsdesk
Urban One (NASDAQ:UONEK) reported Q1 earnings per share (EPS) of $0.15, up from a loss of $0.06 per share year-over-year (YoY). However, sales decreased by 4.97% to $104.41 million from $109.87 million YoY.
June 10, 2024 | 11:58 am
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Urban One (NASDAQ:UONEK) reported Q1 EPS of $0.15, up from a loss of $0.06 YoY, but sales decreased by 4.97% to $104.41 million. The mixed results may lead to short-term volatility in the stock price.
The improvement in EPS is a positive sign, indicating better profitability. However, the decline in sales could be a concern for investors, leading to potential short-term volatility in the stock price.
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