Dingdong (Cayman) Q2 Sales $770.442M Miss $5.476B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dingdong (Cayman) (NYSE:DDL) reported Q2 sales of $770.442 million, missing the analyst consensus estimate of $5.476 billion by 85.93%. Despite the miss, sales increased by 15.41% compared to the same period last year.
August 07, 2024 | 10:08 am
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Dingdong (Cayman) (NYSE:DDL) reported Q2 sales of $770.442 million, significantly missing the analyst consensus estimate of $5.476 billion by 85.93%. However, the company saw a 15.41% increase in sales compared to the same period last year.
The significant miss on the sales estimate is likely to negatively impact the stock price in the short term, despite the year-over-year sales increase. Investors may react to the large discrepancy between actual sales and expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100