Tuya Q2 Adj Eranings Per ADS $0.00 Beats $(0.01) Estimate, Sales $57.00M Beat $52.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tuya (NYSE:TUYA) reported Q2 earnings of $0.00 per ADS, beating the analyst consensus estimate of $(0.01) by 110 percent. This is a 103.33 percent increase over losses of $(0.03) per ADS from the same period last year. The company also reported quarterly sales of $57.00 million, beating the analyst consensus estimate of $52.37 million by 8.85 percent, but this is a 8.86 percent decrease over sales of $62.55 million the same period last year.
August 23, 2023 | 9:04 pm
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NEUTRAL IMPACT
Tuya's Q2 earnings and sales beat estimates, but sales decreased compared to the same period last year.
Tuya's Q2 earnings beat estimates, which is positive for the stock. However, the decrease in sales compared to the same period last year could offset this positive impact, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100