Hello Gr Q1 Adj EPADS $0.04 Misses $0.29 Estimate, Sales $354.61M Beat $347.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hello Group (NASDAQ:MOMO) reported Q1 2024 adjusted EPADS of $0.04, missing the estimate of $0.29. However, sales were $354.61 million, beating the estimate of $347.95 million.
May 28, 2024 | 7:32 am
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Hello Group (NASDAQ:MOMO) reported Q1 2024 adjusted EPADS of $0.04, missing the estimate of $0.29. However, sales were $354.61 million, beating the estimate of $347.95 million.
The significant miss on adjusted EPADS is likely to negatively impact investor sentiment in the short term, despite the sales beat. The market often reacts more strongly to earnings misses than to revenue beats.
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