Loop Media Q3 2024 Adj. EPS $(0.07) Beats $(0.08) Estimate, Sales $4.400M Miss $4.610M Estimate
Portfolio Pulse from Benzinga Newsdesk
Loop Media (AMEX:LPTV) reported Q3 2024 adjusted EPS of $(0.07), beating the $(0.08) estimate, but sales of $4.400M missed the $4.610M estimate. Sales decreased by 23.28% compared to the same period last year.
August 07, 2024 | 8:50 pm
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Loop Media reported Q3 2024 adjusted EPS of $(0.07), beating the $(0.08) estimate, but sales of $4.400M missed the $4.610M estimate. Sales decreased by 23.28% compared to the same period last year.
While Loop Media's EPS beat expectations, the miss on sales and significant YoY decline in revenue may neutralize the positive impact of the EPS beat. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100