Urban One Q2 EPS $(0.94) Down From $1.39 YoY, Sales $117.74M Down From $129.65M YoY
Portfolio Pulse from Benzinga Newsdesk
Urban One reported a Q2 EPS of $(0.94), a significant decrease from $1.39 YoY. Sales also fell to $117.74M from $129.65M YoY.
August 08, 2024 | 10:47 am
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Urban One's Q2 EPS dropped to $(0.94) from $1.39 YoY, and sales decreased to $117.74M from $129.65M YoY, indicating a challenging quarter.
The significant drop in both EPS and sales suggests a challenging quarter for Urban One, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100