OneConnect Financial Reports Q2 Earnings Per ADS Of $(0.06), Revenue From Continuing Operations Declines Y/Y To $95.6M
Portfolio Pulse from Benzinga Newsdesk
OneConnect Financial reported Q2 earnings per ADS of $(0.06) and a year-over-year decline in revenue from continuing operations to $95.6 million.
August 16, 2024 | 10:06 am
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NEGATIVE IMPACT
OneConnect Financial reported Q2 earnings per ADS of $(0.06), with a year-over-year revenue decline to $95.6 million. This indicates a challenging quarter for the company.
The negative earnings per ADS and the year-over-year decline in revenue suggest financial difficulties, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100