Youku Tudou YOKU announced its first quarter earnings on Friday.
The company reported a net revenue of $112.7 million, which hit company guidance estimates, but missed the analyst consensus of $115 million. The $112.7 million figure is a 36 percent year-over-year increase from the same period last quarter.
The company reported an EPS of $0.14, which missed analyst estimates of $0.18.
The company estimates that net revenues for the second quarter will be between 940 million and 1 billion Yuan.
Shares of Youku Tudou have been responding poorly to this news with the price being down 6.96 percent to $18.98.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.