Youdao (NYSE:DAO) Posts Quarterly Earnings Results
Youdao (NYSE:DAO) reported quarterly earnings of ($0.02) per share, with revenue of $197.82 million, significantly below analyst estimates of $1.38 billion. The company had a negative return on equity of 6.87% and a net margin of 2.67%. Following the earnings report, Youdao's stock rose 5.0% to $10.25. Analysts have upgraded the stock from a "hold" to a "buy" rating.
Youdao (NYSE:DAO - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, reports. Youdao had a negative return on equity of 6.87% and a net margin of 2.67%. The business had revenue of $197.82 million during the quarter, compared to analyst estimates of $1.38 billion.
Youdao Trading Up 5.0%
NYSE:DAO traded up $0.49 on Friday, reaching $10.25. The stock had a trading volume of 133,350 shares, compared to its average volume of 123,367. The company has a 50-day moving average of $8.77 and a 200 day moving average of $8.64. The stock has a market cap of $1.22 billion, a P/E ratio of 56.92 and a beta of 0.24. Youdao has a 12-month low of $3.00 and a 12-month high of $11.82.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Youdao from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th.
Check Out Our Latest Stock Report on Youdao
Youdao Company Profile
(Get Free Report)Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.
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