Recap: So-Young Intl Q3 Earnings
Portfolio Pulse from Benzinga Insights
So-Young Intl (NASDAQ:SY) reported Q3 earnings with an EPS of $0.01, missing estimates by 50%. Revenue increased by $7.36 million from the same period last year. Last quarter, the company beat EPS estimates which led to a 2.29% rise in share price the following day.
November 20, 2023 | 10:55 am
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So-Young Intl reported lower than expected Q3 earnings with an EPS of $0.01, which is a 50% miss from the estimated $0.02. However, revenue showed an increase from the previous year.
Missing earnings estimates typically has a negative impact on stock prices in the short term. Although revenue increased, the significant miss on EPS expectations is likely to weigh more heavily on investor sentiment.
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