Yatsen Holding Q2 Adj. EPS $(0.01) Up From $(0.05) YoY, Sales $118.40M Beat $114.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Yatsen Holding (NYSE:YSG) reported Q2 adjusted losses of $(0.01) per share, an 80% improvement from $(0.05) per share YoY. Quarterly sales were $118.40 million, beating the analyst consensus estimate of $114.67 million by 3.25%, but down 16.68% from $142.10 million YoY.
August 22, 2023 | 9:05 am
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Yatsen Holding's Q2 results show an improvement in adjusted losses and sales beating estimates, but a decrease in sales YoY.
Yatsen's Q2 results show a mixed picture. While the company has managed to reduce its losses significantly YoY and beat sales estimates, the decrease in sales compared to the same period last year might concern investors. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100