Dada Nexus Q1 Adj Earnings Per ADS $(0.10) Misses $(0.03) Estimate
Portfolio Pulse from Benzinga Newsdesk
Dada Nexus reported its Q1 adjusted earnings per ADS at $(0.10), missing the estimate of $(0.03).

May 15, 2024 | 10:12 pm
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NEGATIVE IMPACT
Dada Nexus reported a Q1 adjusted earnings per ADS of $(0.10), which is significantly below the estimated $(0.03). This earnings miss could negatively impact the stock price in the short term.
The significant miss in earnings per ADS suggests that the company's financial performance was weaker than expected, which is likely to lead to a negative reaction from investors and a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100