DouYu Intl Hldgs Q3 EPS $0.03, Inline, Sales $186.30M Beat $184.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
DouYu International Holdings (DOYU) reported Q3 earnings per share of $0.03, which was in line with analyst estimates and marked a 200% increase from the same period last year. Quarterly sales were $186.30M, slightly surpassing the consensus estimate of $184.76M but representing a 26.31% decrease from the previous year's sales of $252.81M.
December 07, 2023 | 8:14 am
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NEUTRAL IMPACT
DouYu's Q3 EPS matched expectations and showed significant growth from the previous year, while sales exceeded estimates but were down from last year.
DouYu's earnings per share met analyst expectations, which typically doesn't lead to significant stock movement. However, the year-over-year growth in EPS could be seen positively. The sales beat might be offset by the significant decrease compared to last year, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100