Youdao Q4 Adj. EPADS $0.08 Beats $0.04 Estimate, Sales $208.50M Beat $207.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Youdao (NYSE:DAO) reported Q4 adjusted earnings per ADS of $0.08, doubling the analyst consensus estimate of $0.04. Quarterly sales reached $208.50 million, slightly above the $207.52 million estimate but marking a 1.09% decrease from the previous year.
February 29, 2024 | 8:38 am
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Youdao reported Q4 adjusted earnings per ADS of $0.08, surpassing estimates of $0.04, with sales of $208.50M beating estimates but showing a slight YOY decline.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. The significant beat on earnings per share (EPS) and the slight beat on sales, despite a year-over-year decrease, indicate strong performance relative to expectations. This could lead to increased investor confidence and a potential uptick in DAO's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100