CORRECTION: 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 75% increase in quarterly losses from $(0.04) per share last year to $(0.01) per share this year. However, the company's sales decreased by 13.95% from $278.26 million to $239.45 million over the same period.
August 31, 2023 | 10:49 am
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NEGATIVE IMPACT
Quhuo's earnings report shows an increase in losses but a decrease in sales YoY.
The increase in losses and decrease in sales reported by Quhuo could negatively impact investor sentiment, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100