Cineverse Q4 2024 GAAP EPS $(1.10) vs $(0.21) Estimate, Sales $9.9M vs $10.550M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cineverse reported its Q4 2024 financial results, showing a GAAP EPS of $(1.10), significantly below the $(0.21) estimate. Sales were $9.9 million, also below the $10.550 million estimate.
July 01, 2024 | 8:01 pm
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NEGATIVE IMPACT
Cineverse's Q4 2024 financial results were disappointing, with a GAAP EPS of $(1.10) compared to the $(0.21) estimate and sales of $9.9 million versus the $10.550 million estimate.
The significant miss on both EPS and sales estimates is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100