|Bid||7.22 x 3000|
|Ask||7.23 x 800|
|Day's range||6.93 - 7.28|
|52-week range||6.93 - 26.65|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||18 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||24.41|
Shares of Tuya (NYSE: TUYA) were tumbling 11% in morning trading Thursday after the Internet-of-Things platform reported second-quarter earnings. While revenue outpaced analyst forecasts and net losses were in line, sales guidance of between $83 million and $86 million widely missed consensus expectations of $110 million. Tuya went public in March at $21 per share, above the expected $17 to $20 per share range, but after rising almost 20% on its first day of trading, the stock today is going for less than half its offer price.
Image source: The Motley Fool. Tuya Inc. (NYSE: TUYA)Q2 2021 Earnings CallAug 18, 2021, 8:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning and good evening, ladies and gentlemen.
Shares of Tuya (NYSE: TUYA), an Internet-of-Things platform company, fell this morning after the company reported its second-quarter results. Tuya's sales in the second quarter skyrocketed 118% to $84.7 million, which outpaced Wall Street's consensus estimate of $78 million. The company's adjusted net loss per American depositary share of $0.04 matched analysts' consensus estimate for the second quarter.