TUYA beats EPS estimates by $0.03 in Q2

August 31, 2022

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TUYA($NYSE:TUYA) announced their Q2 earnings and beat EPS estimates by $0.03. Their revenue was $62.5 million, which missed estimates by $0.56 million. Despite missing revenue estimates, investors seem to be pleased with the results as the stock is up in after-hours trading. It will be interesting to see if TUYA can continue this momentum in the coming quarters.

Stock Price

On Monday, TUYA stock opened at $1.4 and closed at $1.4. The company announced that it had beaten earnings estimates by $0.03 in the second quarter. This was welcomed news for investors, who have been waiting for the company to turn a profit. TUYA has been investing heavily in research and development, and this seems to be paying off. The company is now well-positioned to take advantage of the growing demand for smart home products.

VI Analysis

VI’s star chart for Tuya indicates that the company is strong in asset and growth, but weak in dividend and profitability. Tuya is classified as a “cheetah” company, meaning that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster. However, Tuya has a high health score of 7/10 considering its cashflows and debt, meaning that it is capable of paying off debt and funding future operations.

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The company’s strong earnings report and positive guidance seem to have reassured investors, who had been worried about the company’s growth prospects after it announced a secondary offering in July.

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