CORRECTION: Waterdrop Q2 Adj. EPADS $0.02, Inline, Sales $93.60M Miss $96.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Waterdrop (NYSE:WDH) reported Q2 earnings of $0.02 per ADS, meeting analyst consensus but marking a 77.78% decrease YoY. The company's quarterly sales were $93.60 million, missing the analyst consensus of $96.97 million by 3.48%, and representing a 10.62% decrease YoY.
September 07, 2023 | 10:30 am
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Waterdrop's Q2 earnings met expectations but showed a significant YoY decrease. Sales also missed estimates and decreased YoY.
Waterdrop's earnings met analyst expectations, but the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100