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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100