Yalla Group's stock plummeted 6.05% in after-hours trading on Monday, following the release of its fourth-quarter financial results.
The company reported adjusted earnings per share of $0.21, up 5% from $0.20 in the same period last year and beating analyst expectations. However, quarterly sales of $86.861 million, while exceeding the consensus estimate of $85.190 million, represented a 4.37% decrease compared to sales of $90.828 million in the prior year period.
The mixed earnings report, with a year-over-year decline in revenue despite an earnings beat, appears to have driven negative investor sentiment in the extended session.
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