DouYu Intl Hldgs Q2 Adj EPADS $(0.20) Down From $0.30 YoY, Sales $142.01M Miss $186.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
DouYu International Holdings reported a significant decline in its Q2 adjusted earnings per ADS, dropping to $(0.20) from $0.30 year-over-year. Additionally, the company's sales of $142.01 million fell short of the $186.96 million estimate.
September 12, 2024 | 8:01 am
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DouYu International Holdings reported a sharp decline in Q2 adjusted earnings per ADS to $(0.20) from $0.30 YoY, and sales of $142.01M missed the $186.96M estimate.
The significant drop in adjusted earnings per ADS and the miss on sales estimates are likely to negatively impact DouYu's stock price in the short term. Investors may react to the company's underperformance compared to expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100