HUYA: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
HUYA Inc. (NYSE:HUYA) reported Q3 earnings with an EPS of $0.06, surpassing the estimated EPS of $-0.03 by 300%. However, revenue declined to $108.52 million compared to the same period last year. Despite beating EPS estimates last quarter, HUYA's share price fell by 3.42% the following day. The company's past earnings performance shows variability in meeting EPS estimates but a consistent decline in revenue over the last four quarters.
November 14, 2023 | 11:10 am
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NEGATIVE IMPACT
HUYA reported a significant earnings beat for Q3 but experienced a decrease in revenue compared to the previous year. Historical data shows that past earnings beats did not prevent a decline in share price.
While HUYA's earnings beat is positive, the decline in revenue and historical share price drop following an earnings beat suggest potential short-term negative impact on the stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100