Naas Technology Q2 Adj EPADS $(0.07) Down From $(0.06) YoY, Sales $6.70M Up From $1.58M YoY
Portfolio Pulse from Benzinga Newsdesk
Naas Technology (NASDAQ:NAAS) reported Q2 losses of $(0.07) per share, a 16.67% decrease YoY. However, the company's sales increased by 323.77% to $6.70 million from $1.58 million YoY.
September 08, 2023 | 9:34 am
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Naas Technology reported a YoY decrease in losses but a significant increase in sales for Q2.
While Naas Technology reported a YoY decrease in losses, which is generally a negative sign, the company also reported a significant increase in sales. This could potentially offset the negative impact of the increased losses. Therefore, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100