ValueVision Media Earnings: Here’s Why Investors are Not Happy Now
ValueVision Media Inc. (NASDAQ:VVTV) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.95%.
ValueVision Media Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.02 in the quarter versus EPS of $-0.08 in the year-earlier quarter.
Revenue: Rose 9.9% to $148.56 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ValueVision Media Inc. reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.01. It beat the average revenue estimate of $144.31 million.
Quoting Management: ValueVision CEO, Keith Stewart, said, “Second quarter results showed strong top line growth and our fifth consecutive quarter of positive Adjusted EBITDA. We continued to make progress in broadening our product offerings as well as accelerated new and retained customer growth. Our rebranding to ShopHQ, your shopping headquarters, is progressing well and our customers are responding positively.”
Key Stats (on next page)…