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Why Angel Studios Stock Dropped Today

TheMotleyFool

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Angel Studios (NYSE: ANGX) stock tumbled 11.2% 9:40 a.m. ET Friday after reporting mixed Q4 earnings.

According to data from TheFly.com, only one Wall Street analyst had published an earnings forecast for Angel Studios, which held a SPAC IPO last September, and has only reported earnings (now) twice since. This analyst expected Angel to report a $0.20 per share loss on $92.6 million in revenue.

Angel actually reported $0.46 in losses on sales of $109.9 million -- better sales than expected, but worse earnings.

Source Fool.com

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