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Why is Quantasing Group Ltd Adr (QSG) Stock down?
We've noticed a 6.28% decline in Quantasing Group Ltd Adr (QSG) stock during the 2024-12-19 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
14 Dec, 2023:
Shares of QuantaSing Group Ltd ADR (QSG) dropped by 18.54% from $2.05 to $1.67 in the trading on Thursday, December 14, 2023. The reason why QSG down today is due to the disappointing earnings report for Q1 2023. The company reported earnings of 7 cents per share, which fell short of market expectations. QuantaSing Group's reported earnings per share of 7 cents, along with revenue totaling $119.13 million, may have contributed to the stock price decline. Investors likely reacted negatively to the earnings report, leading to the substantial drop in QSG's share price on December 14, 2023.
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