DouYu Intl Hldgs Q2 Adj EPADS $0.03 Beats $0.02 Estimate, Sales $191.99M Beat $183.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
DouYu Intl Hldgs (NASDAQ:DOYU) reported Q2 earnings of $0.03 per share, beating the analyst consensus estimate of $0.02 by 50%. This is a 200% increase from the same period last year. The company also reported quarterly sales of $191.99 million, beating the analyst consensus estimate of $183.05 million by 4.89%. However, this is a 29.85% decrease from the same period last year.
August 14, 2023 | 8:33 am
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DouYu's Q2 earnings beat estimates with a 200% YoY increase, but sales decreased by 29.85% YoY. This mixed result could lead to uncertain short-term price movements.
DouYu's earnings beat estimates, which is typically a positive signal for investors and could drive the stock price up. However, the significant decrease in sales compared to last year might concern investors and put downward pressure on the stock price. These opposing factors make the short-term price direction uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100