Emerald Holding takes earnings beating on cancelled shows
November 2, 2020
You know them for your favorite trade shows that didn’t happen this year including Outdoor Retailer, SurfExpo and others. The company reported revenues of $8.5 million in the third quarter ending September 30 compared to revenues of $75.6 million for the third quarter of 2019, a decrease of 88.8 percent. Sad investors note, if you purchased Emerald Holding (NYSE:EEX) shares three years ago, you would have a 91% loss to show for it according to Simply Wall St. The company did note that they hosted over 90 digitally-delivered virtual events during the third quarter. And it was announced that SurfExpo will be taking place in person on January 6-8, 2021.