RDE Q2 EPS $(0.30) Down From $(0.05) YoY; Revenue $20.020M Down From $21.091M YoY
Portfolio Pulse from Benzinga Newsdesk
RDE reported a Q2 EPS of $(0.30), down from $(0.05) year-over-year, and revenue of $20.020 million, down from $21.091 million year-over-year.
August 15, 2024 | 12:43 pm
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NEGATIVE IMPACT
RDE reported a significant decline in Q2 earnings and revenue compared to the previous year. EPS dropped to $(0.30) from $(0.05) and revenue fell to $20.020 million from $21.091 million.
The significant decline in both EPS and revenue indicates potential financial struggles for RDE, which is likely to negatively impact its stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100