Dada Nexus Q2 Adj EPS $0.00 Beats $(0.02) Estimate, Sales $401.37M Miss $418.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dada Nexus (NASDAQ:DADA) reported Q2 earnings of $0.00 per share, beating the analyst consensus estimate of $(0.02) by 105 percent. However, the company's quarterly sales of $401.37 million missed the analyst consensus estimate of $418.25 million by 4.04 percent.
August 15, 2023 | 10:03 pm
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Dada Nexus reported better than expected Q2 earnings but missed on sales. This mixed result could lead to uncertainty in the market.
Dada Nexus reported Q2 earnings that beat analyst estimates, which is positive for the stock. However, the company missed on sales, which is a negative factor. These mixed results could lead to uncertainty and volatility in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100