Investing.com - Youdao reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Youdao announced earnings per share of ¥0.19 on revenue of ¥197.2M. Analysts polled by Investing.com anticipated EPS of ¥-1.82 on revenue of ¥1.35B.
Youdao shares are down 69.07% from the beginning of the year and are trading at ¥3.86 , down-from-52-week-high.
Youdao follows other major Consumer Discretionary sector earnings this month
Youdao's report follows an earnings beat by Amazon.com on October 27, who reported EPS of ¥0.28 on revenue of ¥127.1B, compared to forecasts EPS of ¥0.22 on revenue of ¥127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of ¥1.05 on revenue of ¥21.45B, compared to forecast for EPS of ¥1 on revenue of ¥21.98B.
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