Noah Holdings Q1 EPADS $0.32, Sales $89.960M Down From $117.838M YoY
Portfolio Pulse from Benzinga Newsdesk
Noah Holdings reported Q1 earnings per ADS of $0.32 and sales of $89.960 million, down from $117.838 million year-over-year.
May 29, 2024 | 9:00 pm
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Noah Holdings reported Q1 earnings per ADS of $0.32 and sales of $89.960 million, a significant decline from $117.838 million year-over-year. This indicates a potential short-term negative impact on the stock price due to lower-than-expected financial performance.
The significant year-over-year decline in sales from $117.838 million to $89.960 million and the reported earnings per ADS of $0.32 suggest weaker financial performance. This is likely to negatively impact investor sentiment and the stock price in the short term.
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