Tuya (NYSE:TUYA) Issues Earnings Results, Misses Expectations By $0.01 EPS

Tuya (NYSE:TUYA - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.02 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $82.06 million during the quarter, compared to analyst estimates of $81.40 million.

Tuya Stock Performance

Shares of NYSE:TUYA traded down $0.29 during trading hours on Friday, hitting $3.40. The stock had a trading volume of 4,265,590 shares, compared to its average volume of 4,438,644. The stock's fifty day simple moving average is $2.46 and its 200 day simple moving average is $1.91. Tuya has a 1-year low of $1.28 and a 1-year high of $4.63. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -113.17 and a beta of 0.48.

About Tuya

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.