Xunlei Q2 Adj EPS $0.13 Down From $0.14 YoY, Sales $104.00M Up From $78.02M YoY
Portfolio Pulse from Benzinga Newsdesk
Xunlei (NASDAQ:XNET) reported a decrease in Q2 adjusted earnings per share from $0.14 last year to $0.13 this year, a 10.34% decrease. However, the company's sales increased by 33.31% from $78.02 million to $104.00 million over the same period.
August 15, 2023 | 10:02 am
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Xunlei's Q2 earnings per share decreased by 10.34% YoY, but sales increased by 33.31%.
While Xunlei's earnings per share decreased, the significant increase in sales could offset the potential negative impact on the stock price. The mixed results make the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100