ATRenew Q1 Adj EPS $0.04 Beats $0.03 Estimate, Sales $418.20M Beat $405.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
ATRenew (NYSE:RERE) reported Q1 adjusted EPS of $0.04, beating the $0.03 estimate, and sales of $418.20M, surpassing the $405.22M estimate. This represents a 300% increase in EPS and a 20.15% increase in sales compared to the same period last year.
May 23, 2023 | 7:27 am
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ATRenew's Q1 earnings beat estimates with a 300% increase in EPS and a 20.15% increase in sales compared to the same period last year.
ATRenew's Q1 earnings beat both EPS and sales estimates, showing significant growth compared to the same period last year. This positive financial performance is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100