Emerald Expositions Reports Third Quarter 2019 Financial Results
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Emerald Expositions Events, Inc. (EEX) Tops Q3 EPS by 4c, Revenues Miss; Offers FY19 EPS/Revenue Outlook
November 5, 2019 6:29 AM ESTEmerald Expositions Events, Inc. (NYSE: EEX) reported Q3 EPS of $0.17, $0.04 better than the analyst estimate of $0.13. Revenue for the quarter came in at $75.6 million versus the consensus estimate of $79.38 million.
Third Quarter 2019 Highlights
Revenues decreased 26.7% to $75.6 million, compared to $103.1 million for third quarter 2018Event scheduling differences reduced 2019 third quarter revenues by $13.3 millionCancellation of Surf Expo and ISS Orlando shows due to Hurricane Dorian reduced anticipated 2019 third quarter revenues by $7.1 million; financial impact fully offset by $6.1 million in event cancellation insurance proceeds recognized as Other Income in the third... More