Youdao Q2 Adj. EPS $(0.32) Beats $(0.37) Estimate, Sales $166.40M Beat $159.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Youdao reported Q2 adjusted losses of $(0.32) per share, beating the analyst consensus estimate of $(0.37) by 13.51%. This is a 39.62% increase over losses from the same period last year. The company also reported quarterly sales of $166.40 million, beating the analyst consensus estimate of $159.23 million by 4.50%. This is a 16.56% increase over sales from the same period last year.
August 24, 2023 | 8:33 am
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Youdao's Q2 results beat analyst estimates, with adjusted losses improving by 39.62% YoY and sales increasing by 16.56% YoY.
Youdao's Q2 results exceeded analyst expectations, which is generally a positive signal for the stock. The company's losses have decreased significantly compared to the same period last year, indicating improved financial health. Additionally, the company's sales have increased, suggesting strong demand for its products or services.
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