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Autohome and Overstock Beat Wall Street Expectations

  • July 27th, 2023
  • 374 views

Autohome Inc. (NYSE: ATHM) delivered strong second-quarter 2023 earnings per share (EPS) of $0.64, surpassing the consensus estimate of $0.57. 

Additionally, the company's revenues for the same period were $252.80 million, exceeding the analysts' expectation of $249.51 million.

In pre-market trading, $ATHM surged by $2.49 (+8.00%) to $33.61.

In other news, Overstock.com, Inc. (Nasdaq: OSTK) reported a smaller-than-expected adjusted loss of $0.02 per share for Q2 2023, compared to the consensus estimate of a loss of $0.09 per share. 

The company's revenue also outperformed predictions, reaching $422 million, while analysts were forecasting revenues of $409.69 million for the period.

$OSTK was trading at $32.73 in pre-market, up $1.64 (+5.28%)

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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