Dada Nexus Q4 Adj Earnings Per ADS $(0.08) Misses $0.08 Estimate, Sales $381.95M Miss $430.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dada Nexus (NASDAQ:DADA) reported Q4 adjusted earnings per ADS of $(0.08), missing the $0.08 estimate by 200%, and sales of $381.95M, missing the $430.44M estimate by 11.26%. This represents a 20% improvement in losses and a 1.35% increase in sales over the same period last year.
March 25, 2024 | 10:13 pm
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Dada Nexus reported a significant miss in both adjusted earnings per ADS and sales for Q4, with a 200% miss on earnings estimates and an 11.26% miss on sales estimates, though showing slight improvements over the previous year.
The significant miss in both earnings and sales estimates for Dada Nexus is likely to negatively impact investor sentiment in the short term. Despite the year-over-year improvements, missing analyst expectations by such a wide margin can lead to decreased confidence in the company's financial health and future performance, potentially driving the stock price down.
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IMPORTANCE 90
RELEVANCE 100