CORRECTION: Zepp Health Q4 2023 Adj. EPS $0.01 Up From $(0.14) YoY; Revenue $84.50M Down From $155.4M YoY
Portfolio Pulse from Benzinga Newsdesk
Zepp Health reported its Q4 2023 adjusted earnings per share (EPS) at $0.01, an improvement from a loss of $(0.14) year-over-year (YoY). However, its revenue for the quarter was $84.50 million, a decrease from $155.4 million YoY.
March 18, 2024 | 9:11 pm
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Zepp Health's Q4 2023 earnings report showed an improvement in adjusted EPS to $0.01 from a loss of $(0.14) YoY, but a significant decrease in revenue to $84.50 million from $155.4 million YoY.
The improvement in EPS indicates a positive development in profitability, which could be viewed favorably by investors. However, the significant drop in revenue suggests underlying challenges in sales or market demand, potentially offsetting the positive impact of the EPS improvement on the stock price in the short term.
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