National CineMedia Q2 2024 GAAP EPS $(0.09) Misses $(0.08) Estimate, Sales $54.700M Beat $49.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
National CineMedia (NASDAQ:NCMI) reported Q2 2024 GAAP EPS of $(0.09), missing the $(0.08) estimate, but achieved sales of $54.7M, beating the $49.4M estimate and marking a 269.59% increase from the same period last year.
August 05, 2024 | 8:34 pm
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National CineMedia (NCMI) reported a Q2 2024 GAAP EPS of $(0.09), missing the $(0.08) estimate by 12.5%. However, the company achieved sales of $54.7M, beating the $49.4M estimate by 10.73% and marking a 269.59% increase from the same period last year.
While the EPS miss might initially concern investors, the significant beat on sales and the substantial year-over-year increase in revenue are likely to have a positive impact on the stock price in the short term.
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