Why Is Cineverse (CNVS) Stock Down 32% Today?
CNVSCineverse (CNVS) InvestorPlace·2024-02-15 21:34

Cineverse (NASDAQ:CNVS) stock is down on Thursday following the release of the streaming technology and entertainment company’s fiscal Q3 2024 earnings report.CNVS stock is down after the company revealed diluted earnings per share of -22 cents. That’s lower than the -16 cents per share that Wall Street was expecting for the period. It’s also a negative switch year-over-year from EPS of 55 cents.Also not helping matters is Cineverse’s revenue of $13.28 million. Yet again, this misses analysts’ estimates of ...