CORRECTION: Xunlei Q2 Adj. EPS $(0.03) Down From $0.12 YoY, Sales $102.109M Up From $73.603M YoY
Xunlei (NASDAQ:XNET) reported quarterly losses of $(0.03) per share. This is a 125 percent decrease over earnings of $0.12 per share from the same period last year. The company reported $102.109 million in sales this
Xunlei made more money overall, but each share of the company earned less profit than last year. When a company grows sales but profits shrink, it means they're spending more to run the business, so watch whether they can fix that.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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