Youdao Inc ADR (DAO) said before open Thursday that it lost $0.08 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $210.9 million, missing estimates by $18.5 million.
In the same quarter a year ago, the company lost $0.19 per share on revenue of $197.2 million.
The stock is down 8.43% to $4.06 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Youdao Inc ADR has performed a little below average during the past few months. Before the report, Youdao Inc ADR received a Long-Term Technical Rank by InvestorsObserver of 46, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $3.38 on September 21, 2023 and set a 52-week high on March 6, 2023 at $10.
Youdao Inc develops and markets software applications. It engages in developing technologies to provide learning content, applications, and solutions. The firm operates in three segments: Learning services, Learning products, and Online marketing services. Nearly half of its revenues come from the Learning services segment, which generates revenues from online courses, mainly including Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC. The learning products segment includes sales of smart devices such as Youdao Dictionary Pen and Youdao Pocket Translator. It generates revenues from the online marketing services through the provision of different formats of advertisement, including but not limited to banners, text links, videos, logos, buttons, and rich media.
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Youdao Inc ADR Down 8.43% To $4.06 After Earnings Miss
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