HUYA Q2 Adj Earnings Per ADS $0.06 Beats $0.01 Estimate, Sales $251.20M Miss $288.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
HUYA reported Q2 adjusted earnings per ADS of $0.06, beating the analyst consensus estimate of $0.01 by 500%. However, the company's quarterly sales of $251.20 million missed the analyst consensus estimate of $288.24 million by 12.85%. This represents a 26.05% decrease over sales from the same period last year.
August 15, 2023 | 10:02 am
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HUYA's Q2 earnings per ADS exceeded estimates, but sales fell short, indicating mixed financial performance.
HUYA's earnings beat estimates, which is positive for the stock. However, the miss on sales, which is a key performance indicator, could negatively impact the stock. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100