Tuya: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Tuya Inc. (NYSE:TUYA) reported its Q4 earnings with an EPS of $0.02, matching the estimate and showing a revenue increase of $19.12 million from the previous year. Despite meeting EPS estimates, Tuya's share price had previously increased by 7% following a Q3 earnings beat.
February 27, 2024 | 9:55 pm
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Tuya Inc. reported Q4 earnings with an EPS of $0.02, exactly as estimated, and a significant year-over-year revenue increase.
Tuya's Q4 earnings report showed it met EPS estimates and reported a substantial increase in revenue compared to the previous year. Historically, Tuya's stock price increased by 7% following a Q3 earnings beat, indicating that meeting or exceeding earnings expectations can positively impact its stock price. However, since the Q4 EPS was only met and not exceeded, the immediate impact on the stock price might be neutral, reflecting investor expectations being met but not surpassed.
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RELEVANCE 100