Xunlei Q3 Adj. EPS $0.08 Down From $0.13 YoY, Sales $83.95M Down From $88.07M YoY
Portfolio Pulse from Benzinga Newsdesk
Xunlei (NASDAQ:XNET) reported a decrease in Q3 adjusted EPS to $0.08 from $0.13 YoY and a 4.67% drop in sales to $83.95M from $88.07M YoY.
November 14, 2023 | 11:07 am
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NEGATIVE IMPACT
Xunlei reported a 37.31% decrease in adjusted EPS and a 4.67% decrease in sales compared to the same quarter last year.
The reported decrease in both earnings per share and sales indicates a negative performance compared to the previous year, which is likely to be viewed unfavorably by investors and could lead to a short-term decline in Xunlei's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100