Yalla Group Q3 Adj. EPS $0.21 Up From $0.17 YoY, Sales $85.19M Up From $80.06M YoY
Portfolio Pulse from Benzinga Newsdesk
Yalla Group (NYSE:YALA) reported a 23.53% increase in adjusted EPS to $0.21 for Q3, up from $0.17 YoY. Sales rose 6.40% to $85.19M from $80.06M YoY.
November 20, 2023 | 10:06 pm
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POSITIVE IMPACT
Yalla Group reported a positive earnings surprise with a 23.53% increase in adjusted EPS and a 6.40% increase in sales compared to the same quarter last year.
The reported increase in both EPS and sales indicates a strong financial performance for the quarter, which is likely to be viewed positively by investors. This could lead to a short-term increase in the stock price as the market reacts to the positive earnings report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100