BUZZ-Tuya surges after Q2 results beat Street estimates, CFO rejig

Reuters08-27

** U.S.-listed shares of Chinese cloud platform service provider Tuya rise 10.2% to $1.95 premarket

** Q2 revenue rises 28.6% to $73.3 mln - above Wall Street estimate of $70.5 mln - LSEG data

** Q2 adj. EPS of $0.04 beat market view of $0.02

** Co reports net profit of $3.1 mln vs year-ago loss of $23.5 mln

** Yao Liu resigns as CFO, effective Sept. 16; director and co-founder Yi Yang to replace her

** All seven brokerages rate the stock "buy" or higher; their median PT is $2.93

** Up to Monday's close, stock is down 23% YTD

(Reporting by Khushi Singh in Bengaluru)

((Khushi.Singh@thomsonreuters.com;))

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