Agora Q1 Adjusted Loss Per ADS $(0.09) Beats $(0.14) Estimate, Sales $36.44M Beat $36.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Agora (NASDAQ:API) reported Q1 adjusted losses of $(0.09) per ADS, beating the $(0.14) estimate by 35.71%. Sales reached $36.44M, surpassing the $36.25M estimate by 0.53%. However, sales decreased by 5.55% compared to the same period last year.
May 30, 2023 | 10:10 pm
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Agora's Q1 adjusted losses and sales beat analyst estimates, but sales decreased by 5.55% compared to last year.
Agora's Q1 results show better-than-expected adjusted losses and sales, which is a positive sign for investors. However, the 5.55% decrease in sales compared to last year may raise concerns about the company's growth. Overall, the positive earnings beat may lead to a short-term increase in the stock price, but the decrease in sales should be monitored closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100