QuantaSing Group Q3 Adj $0.03 Misses $0.05 Estimate, Sales $130.96M Beat $128.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
QuantaSing Group (NASDAQ:QSG) reported Q3 earnings of $0.03 per share, missing the analyst estimate of $0.05 by 40%. However, the company reported sales of $130.96 million, beating the estimate of $128.51 million by 1.91%.
June 06, 2024 | 9:04 am
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QuantaSing Group reported Q3 earnings of $0.03 per share, missing the analyst estimate of $0.05 by 40%. However, the company reported sales of $130.96 million, beating the estimate of $128.51 million by 1.91%.
The significant miss on earnings per share (EPS) is likely to have a negative impact on the stock price in the short term, despite the slight beat on sales. Investors often react more strongly to EPS misses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100