Hello Gr Q2 Adj EPADS $0.43 Beats $0.35 Estimate, Sales $432.71M Beat $416.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hello Gr (NASDAQ:MOMO) reported Q2 adjusted earnings per share of $0.43, beating the analyst consensus estimate of $0.35 by 22.86%. This is a 30.3% increase from the same period last year. The company also reported quarterly sales of $432.71 million, beating the analyst consensus estimate of $416.83 million by 3.81%. However, this is a 6.82% decrease from the same period last year.
August 31, 2023 | 7:21 am
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Hello Gr's Q2 earnings and sales beat estimates, with EPS up 30.3% YoY, but sales down 6.82% YoY. This mixed result could lead to uncertain short-term price movement.
Hello Gr's Q2 results beat estimates, which is generally positive for the stock. However, the decrease in sales compared to the same period last year could be a concern for investors, leading to uncertainty in the short-term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100