Tuya (NYSE:TUYA) reported quarterly losses of $(0.03) per share which met the analyst consensus estimate. This is a 50 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $45.02 million which beat the analyst consensus estimate of $44.11 million by 2.05 percent. This is a 47.40 percent decrease over sales of $85.58 million the same period last year.
Dow Tumbles More Than 500 Points; US Manufacturing PMI Rises In February
U.S. stocks traded lower midway through trading, with the Dow Jones dropping more than 500 points on Tuesday.
The Dow traded down 1.61% to 33,280.92 while the NASDAQ fell 2.05% to 11,545.79. The S&P 500 also fell, dropping, 1.65% to 4,011.67.
