OneConnect Financial Tech Q1 EPADS $(0.44) Beats $(0.53) Estimate, Sales $135.33M Miss $143.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
OneConnect Financial Tech (NYSE:OCFT) reported Q1 losses of $(0.44) per share, beating the $(0.53) estimate by 17.17%. However, sales of $135.33M missed the $143.91M estimate by 5.96%, a 15.68% decrease YoY.
May 22, 2023 | 11:02 am
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OneConnect Financial Tech's Q1 earnings beat estimates with a 17.17% higher EPS, but sales missed estimates by 5.96% and decreased 15.68% YoY.
OneConnect Financial Tech's Q1 earnings report shows mixed results. While the EPS beat estimates by 17.17%, the sales missed estimates by 5.96% and decreased 15.68% YoY. This could lead to a neutral short-term impact on the stock price, as the positive EPS result may be offset by the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100