Tuya Q4 2023 GAAP EPS $0.02, Inline, Sales $64.41M Beat $61.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tuya Inc. (TUYA) reported Q4 2023 earnings of $0.02 per share, meeting analyst expectations. Quarterly sales reached $64.41M, surpassing the $61.72M forecast by 4.36% and marking a 42.23% increase from the previous year.
February 27, 2024 | 9:54 pm
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Tuya Inc. reported Q4 2023 earnings per share of $0.02, aligning with expectations, and sales of $64.41M, exceeding estimates by 4.36% and showing significant year-over-year growth.
Tuya's earnings per share meeting expectations and the significant beat on revenue forecasts, coupled with a substantial year-over-year sales increase, are likely to be viewed positively by investors. This performance indicates strong operational execution and could lead to increased investor confidence in TUYA's growth trajectory, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100