Tuya (NYSE:TUYA) Announces Quarterly Earnings Results

Tuya (NYSE:TUYA) announced its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01), Zacks reports. Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The business had revenue of $82.06 million during the quarter, compared to analyst estimates of $81.40 million.

Tuya Stock Down 6.8 %

NYSE:TUYA opened at $3.43 on Friday. The firm has a 50-day moving average price of $2.43 and a 200 day moving average price of $1.89. The firm has a market capitalization of $1.83 billion, a PE ratio of -111.50 and a beta of 0.48. Tuya has a 12-month low of $1.28 and a 12-month high of $4.63.

Tuya Company Profile

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.