Mogu Inc ADR Steady Today At $2.55 After Earnings

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Friday, June 02, 2023 12:47 PM | InvestorsObserver Analysts

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Mogu Inc ADR Steady Today At $2.55 After Earnings

Mogu Inc – ADR (MOGU) missed earnings projections on 6/2/2023 for FY 2023.

Mogu Inc ADR earnings per share (EPS) came in at loss of $1.23 per share. Mogu Inc ADR’s earnings rose 17% year-over-year as the firm reported an EPS loss of $1.49 per share in its year-ago quarter. The positive annual growth shows the Consumer Cyclical company is performing well amid recent economic conditions.

Mogu Inc ADR reported a revenue of $33.8 million in FY 2023. The firm managed negative 37% growth year-over-year due to Mogu Inc ADR reporting quarterly revenue of $53.2 million in its year-ago quarter. Mogu Inc ADR achieved a higher earnings growth rate than revenue, signaling that the business has improved its profit margin.

The stock is steady today at $2.55 after the report.

The firm’s lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 35.

MOGU Inc is an online fashion and lifestyle destination in China. The company’s online platform includes Mogu.com, Mogujie.com, and Meilishuo.com. Its platform allows people to discover and share fashion trends while fully enjoying the shopping experience. The company on its platform provides content related to fashion and lifestyle guides in various multi-media formats which include Live Video Broadcasts, Short-form Videos, Photography, and Online Review Community. The company derives revenues from within China.

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Mogu Inc ADR Steady Today At $2.55 After Earnings

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