Dada Nexus Q1 Sales $353.45M Miss $374.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dada Nexus (NASDAQ:DADA) reported Q1 sales of $353.45 million, missing the analyst consensus estimate of $374.79 million by 5.69%. This represents a 6.10% decrease from the same period last year.
May 15, 2024 | 10:07 pm
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Dada Nexus reported Q1 sales of $353.45 million, missing the analyst consensus estimate of $374.79 million by 5.69%. This is a 6.10% decrease from the same period last year, which could negatively impact investor sentiment.
The miss on sales estimates and the year-over-year decrease in revenue are likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100