Recap: Rent the Runway Q1 Earnings
Portfolio Pulse from Benzinga Insights
Rent the Runway (NASDAQ:RENT) reported Q1 earnings with a better-than-expected EPS of $-0.46, beating estimates by 6.12%. Revenue increased by $7.10 million compared to the same period last year.
June 07, 2023 | 8:05 pm
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Rent the Runway's Q1 earnings beat estimates with an EPS of $-0.46, a 6.12% improvement. Revenue increased by $7.10 million YoY.
Rent the Runway's Q1 earnings exceeded expectations with a 6.12% higher EPS than estimated and a YoY revenue increase of $7.10 million. This positive financial performance is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100