Xunlei Q4 Adj EPS $0.07 Up From $0.05 YoY, Sales $76.86M Down From $96.64M YoY
Portfolio Pulse from Benzinga Newsdesk
Xunlei (NASDAQ:XNET) reported a Q4 adjusted EPS of $0.07, up from $0.05 YoY, but saw a decrease in sales to $76.86M from $96.64M YoY.

March 14, 2024 | 10:01 am
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Xunlei reported a Q4 adjusted EPS increase to $0.07 from $0.05 YoY but experienced a sales decrease to $76.86M from $96.64M YoY.
The increase in EPS indicates improved profitability, which could positively impact investor sentiment towards XNET. However, the significant decrease in sales suggests underlying challenges in revenue generation, potentially offsetting the positive EPS impact. The mixed financial performance makes the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100