Emerald Reports 2020 Financial Results
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Emerald Holding (EEX) Misses Q4 EPS by 7c, Revenues Miss
February 18, 2021 6:30 AM ESTEmerald Holding (NYSE: EEX) reported Q4 EPS of ($0.02), $0.07 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $12.2 million versus the consensus estimate of $27.53 million.
Highlights
Fourth quarter and full year results negatively impacted by event cancellations due to the COVID-19 pandemicImpact of revenue declines on operating income partially offset by claim payments received under Emeralds event cancellation insurance policy. Emerald is actively pursuing collection of the remaining unpaid amounts of filed insurance claims for its cancelled 2020 events, in addition to claims for its cancelled 2021 events.To... More