Tuya Inc. (TUYA) Misses Q1 EPS by 4c, Offers Guidance

Tuya Inc. (NYSE: TUYA) reported Q1 EPS of ($0.07), $0.04 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $55.3 million versus the consensus estimate of $56.2 million.

GUIDANCE:

Tuya Inc. sees Q2 2022 revenue of $60-65 million, versus the consensus of $62 million.

• For the second quarter of 2022, the Company currently expects its total revenue to be between US$60 million and US$65 million. The Company cautions investors that this estimate only reflects the Company's expectations as of June 14, 2022 and is not a guarantee of its future results or performance. The Company's actual future results and performance may differ materially from this estimate due to a variety of factors. These factors include, among other things, a decline or weakness in general economic conditions, uncertainty regarding the impacts of the COVID-19 pandemic, inflation, inventory backlog experienced by smart device manufacturers, brands and retail channels, fluctuations in foreign exchange rates, and geopolitical tensions and conflicts.

For earnings history and earnings-related data on Tuya Inc. (TUYA) click here.

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