Chindata Group Holdings Q2 GAAP EPADS $0.08 Down From $0.10 YoY, Sales $214.28M Up From $154.98M YoY
Portfolio Pulse from Benzinga Newsdesk
Chindata Group Holdings (NASDAQ:CD) reported a 20% decrease in Q2 GAAP EPADS to $0.08 per share from $0.10 YoY. However, the company's sales increased by 38.26% to $214.28M from $154.98M YoY.
August 31, 2023 | 11:33 am
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NEUTRAL IMPACT
Chindata Group's Q2 earnings per share decreased by 20% YoY, while sales increased by 38.26% YoY.
The decrease in earnings per share could negatively impact the stock price. However, the significant increase in sales could offset this impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100