Why Tuya Stock Is Falling Today
Shares of Tuya (NYSE: TUYA), an Internet-of-Things platform company, fell this morning after the company reported its second-quarter results.
The tech stock was down by 19.9% as of 10:30 a.m. EDT.
Tuya's sales in the second quarter skyrocketed 118% to $84.7 million, which outpaced Wall Street's consensus estimate of $78 million.
Source Fool.com
