IHeartMedia (IHRT) Reports Q3 Loss, Tops Revenue Estimates
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IHeartMedia (IHRT) reported a Q3 loss of $0.16 per share, missing the Zacks Consensus Estimate of a $0.02 loss. However, the company exceeded revenue expectations.
November 07, 2024 | 4:00 pm
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IHeartMedia reported a Q3 loss of $0.16 per share, which was worse than the expected $0.02 loss. Despite this, the company exceeded revenue expectations.
The reported loss per share was significantly worse than expected, which could negatively impact the stock price. However, the fact that revenue exceeded expectations may offset some of the negative sentiment, leading to a neutral short-term impact.
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