Arena Group Holdings (AMEX:AREN) reported quarterly earnings of $0.11 per share which missed the analyst consensus estimate of $0.13 by 15.38 percent. This is a 45 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $28.241 million which missed the analyst consensus estimate of $34.000 million by 16.94 percent. This is a 22.05 percent decrease over sales of $36.228 million the same period last year.