Hello Gr Q4 Adj EPS $0.37 Beats $0.34 Estimate, Sales $422.95M Beat $405.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hello Gr (NASDAQ:MOMO) reported Q4 adjusted EPS of $0.37, surpassing the $0.34 estimate, and sales of $422.95M, exceeding the $405.61M estimate. This represents a 2.78% increase in EPS and a 9.20% decrease in sales from the same period last year.
March 14, 2024 | 8:15 am
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Hello Gr reported a Q4 adjusted EPS of $0.37, beating estimates, and sales of $422.95M, also above expectations. EPS increased by 2.78% from last year, while sales saw a 9.20% decrease.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. The increase in EPS year-over-year indicates growth in profitability, which is a positive signal for investors. However, the decrease in sales year-over-year might raise concerns about revenue growth, potentially moderating the positive impact.
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