DouYu Intl Hldgs Q4 Sales $182.53M Beat $170.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
DouYu Intl Hldgs (DOYU) reported Q4 sales of $182.53M, surpassing the $170.91M estimate by 6.80%, but marking a 25.11% decrease from the previous year's $243.73M.
March 26, 2024 | 8:02 am
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NEUTRAL IMPACT
DouYu Intl Hldgs reported higher than expected Q4 sales but saw a significant decrease compared to last year.
While DOYU's sales exceeded analyst expectations, the significant year-over-year decrease could concern investors about the company's growth trajectory. The mixed results make the short-term stock price impact uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100