Cumulus Media Q2 2024 GAAP EPS $(1.64) Misses $(0.48) Estimate, Sales $204.849M Miss $206.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cumulus Media reported Q2 2024 GAAP EPS of $(1.64), missing the $(0.48) estimate. Sales were $204.849M, also missing the $206.000M estimate.
August 02, 2024 | 12:02 pm
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NEGATIVE IMPACT
Cumulus Media reported disappointing Q2 2024 results with GAAP EPS of $(1.64) missing the $(0.48) estimate and sales of $204.849M missing the $206.000M estimate.
The significant miss on both EPS and sales estimates is likely to negatively impact Cumulus Media's stock price in the short term. Investors typically react unfavorably to such earnings misses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100