Youdao Q1 Adj. EPADS $0.02 Beats $(0.12) Estimate, Sales $192.80M Beat $186.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Youdao (NYSE:DAO) reported strong Q1 earnings, with adjusted EPADS of $0.02 beating the $(0.12) estimate and sales of $192.80M surpassing the $186.62M estimate. This marks a significant improvement from the previous year's losses and sales figures.
May 23, 2024 | 8:37 am
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Youdao (NYSE:DAO) reported Q1 adjusted EPADS of $0.02, significantly beating the $(0.12) estimate. Sales also exceeded expectations at $192.80M, marking a 13.82% increase from the previous year.
The significant beat on both earnings and sales estimates, along with a notable improvement from the previous year's figures, is likely to positively impact Youdao's stock price in the short term.
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