{"id":869651,"date":"2024-10-24T08:21:40","date_gmt":"2024-10-24T02:51:40","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=869651"},"modified":"2024-10-24T08:32:22","modified_gmt":"2024-10-24T03:02:22","slug":"zomato-shares-fall-over-3-q2-earnings-lower-then-estimates-despite-three-fold-jump-should-you-buy-sell-or-hold","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/24\/zomato-shares-fall-over-3-q2-earnings-lower-then-estimates-despite-three-fold-jump-should-you-buy-sell-or-hold\/","title":{"rendered":"Zomato shares fall over 3%; Q2 earnings lower then estimates despite three-fold jump; Should you Buy, Sell or Hold?"},"content":{"rendered":"<p>Shares of online food delivery company Zomato are set to be in focus after the company\u2019s Q2 earnings report revealed a profit miss compared to Street estimates. Despite this, Zomato posted robust growth across key segments, with its profit and revenue significantly improving year-on-year. <\/p>\n<p>Profit Soars 389% YoY <\/p>\n<p>Zomato\u2019s profit for the second quarter surged by 389% year-on-year, reaching Rs 176 crore, up from the same period last year. This substantial growth was primarily driven by increasing food delivery margins and near break-even performance in its quick commerce business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of online food delivery company Zomato are set to be in focus after the company\u2019s Q2 earnings report revealed a profit miss compared to Street estimates. Despite this, Zomato posted robust growth across key segments, with its profit and revenue significantly improving year-on-year. Profit Soars 389% YoY Zomato\u2019s profit for the second quarter surged by 389% year-on-year, reaching Rs 176 crore, up from the same period last year. This substantial growth was primarily driven by increasing food delivery margins and near break-even performance in its quick commerce business.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-869651","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/869651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=869651"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/869651\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=869651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=869651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=869651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}