Bilibili Q2 Adj. EPS $(0.32) Beats $(0.35) Estimate, Sales $731.50M Beat $726.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bilibili reported Q2 adjusted EPS of $(0.32), beating the estimate of $(0.35) by 8.57%. This is a 56.76% increase over losses from the same period last year. The company's quarterly sales of $731.50M also beat the estimate of $726.38M by 0.70%, although this is a 0.19% decrease from last year's sales.
August 17, 2023 | 10:00 am
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POSITIVE IMPACT
Bilibili's Q2 results beat estimates, with a significant increase in EPS from last year. However, sales slightly decreased from last year.
Bilibili's better-than-expected Q2 results, particularly the significant increase in EPS, are likely to have a positive impact on its stock price. However, the slight decrease in sales compared to last year might temper this positive impact to some extent.
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IMPORTANCE 80
RELEVANCE 100