HUYA Q3 EPS $0.06 Beats $(0.03) Estimate, Sales $225.85M Beat $210.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
HUYA Inc. reported Q3 earnings of $0.06 per share, surpassing the consensus estimate of $(0.03) by 300%. Quarterly sales were $225.85M, exceeding estimates of $210.33M by 7.38%, but represented a 32.46% decrease from the same period last year.
November 14, 2023 | 10:04 am
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POSITIVE IMPACT
HUYA Inc. exceeded Q3 EPS and sales estimates, reporting $0.06 per share and $225.85M in revenue, despite a significant year-over-year sales decline.
The positive earnings surprise and sales beat are likely to have a favorable impact on HUYA's stock price in the short term, despite the year-over-year decline in sales. Investors typically respond well to earnings beats, which can lead to increased confidence and buying activity. However, the significant decrease in sales compared to the previous year may temper some of the positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100