LiveOne Reports Q4 Loss of $0.65 Per Share, Misses Consensus by $0.34
LiveOne (LVO) posted a fourth-quarter loss of $0.65 per share, missing the consensus estimate of a $0.31 loss and more than doubling its year-ago loss of $0.30 per share.
LiveOne reported a fourth-quarter loss of $0.65 per share, missing the Zacks Consensus Estimate of a $0.31 loss by $0.34 [1]. The Beverly Hills, California-based media and entertainment company also missed revenue estimates for the period [2].
The quarterly loss more than doubled from the year-ago period, when LiveOne posted a loss of $0.30 per share [1]. The widening deficit marks a sharp deterioration in operating performance and came despite investor expectations for only modest quarterly losses.
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