Arena Group Holdings Q3 EPS $0.14 Misses $0.16 Estimate, Sales $29.760M Miss $38.000M Estimate

Arena Group Holdings (AMEX:AREN) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.16 by 12.5 percent. This is a 7.69 percent increase over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $29.760 million which missed the analyst consensus estimate of $38.000 million by 21.68 percent. This is a 11.31 percent decrease over sales of $33.555 million the same period last year.