Youdao Q3 Adj EPADS $(0.08) Misses $(0.07) Estimate, Sales $210.91M Miss $229.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Youdao, Inc. (NYSE:DAO) reported Q3 adjusted earnings per ADS of $(0.08), missing the $(0.07) estimate, and sales of $210.91M, falling short of the $229.45M estimate. Despite these misses, there was a 57.89% improvement in losses and a 6.98% increase in sales compared to the same period last year.
November 16, 2023 | 8:32 am
News sentiment analysis
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NEGATIVE IMPACT
Youdao reported a larger-than-expected quarterly loss and lower sales than analysts anticipated, indicating potential negative short-term sentiment.
Missing both earnings and sales estimates can lead to negative investor sentiment and a potential decrease in stock price in the short term. The reported improvement over last year's figures may provide some cushion, but the immediate reaction to earnings misses is typically negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100