Youdao Q2 EPS $(0.11) Beats $(0.26) Estimate, Sales $181.88M Miss $197.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Youdao (NYSE:DAO) reported a Q2 EPS of $(0.11), beating the estimate of $(0.26), but sales of $181.88M missed the $197.34M estimate. EPS improved by 65.63% from last year, while sales increased by 9.30%.
August 22, 2024 | 8:34 am
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Youdao's Q2 EPS of $(0.11) beat expectations, showing a significant improvement from last year, but sales of $181.88M fell short of estimates. The mixed results may lead to volatility in the stock price.
Youdao's better-than-expected EPS indicates improved profitability, which is positive. However, missing sales estimates could raise concerns about revenue growth. The mixed results may lead to short-term stock price volatility as investors weigh the positive EPS against the sales miss.
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