Xunlei Reports Q2 Earnings Per ADS Of $0.04, Down From $0.08 Last Year; Total Revenues $79.6M, Down 23.7% Y/Y
Portfolio Pulse from Benzinga Newsdesk
Xunlei reported Q2 earnings per ADS of $0.04, a decrease from $0.08 last year. Total revenues were $79.6 million, down 23.7% year-over-year.
August 13, 2024 | 10:02 am
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NEGATIVE IMPACT
Xunlei's Q2 earnings per ADS decreased to $0.04 from $0.08 last year, and total revenues fell by 23.7% year-over-year to $79.6 million.
The significant drop in both earnings per ADS and total revenues indicates a weaker financial performance compared to the previous year. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100