Tuya Q3 Adj. Earnings Per ADS $0.02 Up From $(0.03) YoY, Sales $61.10M Up From $45.02M YoY
Portfolio Pulse from Benzinga Newsdesk
Tuya Inc. (NYSE:TUYA) reported a positive adjustment in earnings per ADS to $0.02 in Q3, up from a loss of $(0.03) in the same quarter last year. Sales also increased by 35.73% to $61.10 million from $45.02 million in the same period last year.
November 28, 2023 | 9:49 pm
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Tuya Inc. reported a significant improvement in Q3 earnings per ADS and a substantial increase in sales compared to the same period last year.
The positive earnings report showing both an increase in earnings per ADS and sales suggests a strong financial performance, which is likely to be viewed favorably by investors. This could lead to a short-term increase in TUYA's stock price as the market reacts to the positive news.
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