Reading Intl Q2 2024 GAAP EPS $(0.42), Sales $46.809M Miss $57.312M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reading International (NASDAQ:RDI) reported a Q2 2024 GAAP EPS of $(0.42) and sales of $46.809 million, missing the analyst consensus estimate of $57.312 million by 18.33%. This represents a 28.05% decrease in sales compared to the same period last year.
August 14, 2024 | 1:02 pm
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NEGATIVE IMPACT
Reading International (NASDAQ:RDI) reported a Q2 2024 GAAP EPS of $(0.42) and sales of $46.809 million, missing the analyst consensus estimate by 18.33%. Sales decreased by 28.05% compared to the same period last year.
The significant miss on both EPS and sales estimates, along with a notable year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100