Quhuo H1 Adj. EPS $(0.01) Up From $(0.04) YoY, Sales $239.45M Down From $278.26M YoY
Portfolio Pulse from Benzinga Newsdesk
Quhuo (NASDAQ:QH) reported a 50% decrease in adjusted quarterly losses to $(0.02) per share from $(0.04) per share YoY. However, the company's sales decreased by 13.95% to $239.45 million from $278.26 million YoY.
August 31, 2023 | 10:07 am
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NEUTRAL IMPACT
Quhuo's adjusted quarterly losses decreased by 50%, but sales also decreased by 13.95% YoY.
While the decrease in losses is a positive sign for Quhuo, the decrease in sales could be a concern for investors. This mixed report may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100