Tuya Q2 2024 Adj EPS $0.04 Beats $0.02 Estimate, Sales $73.28M Beat $70.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tuya reported Q2 2024 earnings of $0.04 per share, surpassing the $0.02 estimate, and sales of $73.28M, exceeding the $70.52M estimate. This marks a 28.55% increase in sales compared to the previous year.
August 26, 2024 | 9:03 pm
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Tuya's Q2 2024 earnings and sales exceeded expectations, with EPS at $0.04 against a $0.02 estimate and sales at $73.28M against a $70.52M estimate. Sales increased by 28.55% year-over-year.
Tuya's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. The significant year-over-year sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100