Recap: Youdao Q3 Earnings
Portfolio Pulse from Benzinga Insights
Youdao (NYSE:DAO) reported Q3 earnings with an EPS of $-0.08, missing estimates by 14.29% compared to the expected $-0.07. However, revenue increased by $13.76 million from the same period last year. In the previous quarter, Youdao beat EPS estimates which resulted in a 0.54% share price increase the following day.
November 16, 2023 | 10:15 am
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NEGATIVE IMPACT
Youdao reported a Q3 EPS of $-0.08, missing the estimate by 14.29%, but showed an increase in revenue compared to last year. Historically, a beat in EPS last quarter led to a slight stock increase.
Missing earnings estimates typically has a negative impact on stock prices in the short term. However, the increase in revenue could mitigate some of the negative sentiment. Historical data shows a positive reaction to earnings beats, but a miss is generally viewed unfavorably.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100