Dada Nexus Q2 EPS $(0.08) Beats $(0.10) Estimate, Sales $324.53M Beat $317.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dada Nexus reported better-than-expected Q2 results with EPS of $(0.08) beating estimates by 20% and sales of $324.53M surpassing expectations by 2.26%. However, sales decreased by 19.14% compared to the same period last year.
August 21, 2024 | 5:20 am
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Dada Nexus reported Q2 EPS of $(0.08), beating estimates by 20%, and sales of $324.53M, exceeding expectations by 2.26%. Despite this, sales declined 19.14% YoY.
The better-than-expected EPS and sales figures are positive indicators for Dada Nexus, suggesting potential short-term stock price appreciation. However, the significant YoY sales decline may temper investor enthusiasm.
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IMPORTANCE 80
RELEVANCE 100