Reservoir Media Q2 Sales $40.667 Miss $38.927M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reservoir Media reported Q2 sales of $40.667 million, missing the analyst consensus estimate of $38.927 million. This represents a 100% decrease compared to the same period last year.
October 30, 2024 | 11:14 am
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Reservoir Media's Q2 sales were $40.667 million, missing the analyst estimate of $38.927 million. This marks a significant 100% decrease from the previous year.
The reported sales figure of $40.667 million is below the analyst consensus estimate of $38.927 million, indicating a performance shortfall. Additionally, the 100% decrease from the previous year's sales suggests significant challenges, likely leading to negative investor sentiment and a potential short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100