Rent the Runway Q2 EPS $(0.40) Beats $(0.43) Estimate, Sales $75.70M Miss $78.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rent the Runway (NASDAQ:RENT) reported Q2 earnings per share (EPS) of $(0.40), beating the analyst consensus estimate of $(0.43) by 6.98%. However, the company's quarterly sales of $75.70 million missed the analyst consensus estimate of $78.25 million by 3.26%. Compared to the same period last year, the EPS increased by 24.53% while sales decreased by 1.05%.
September 08, 2023 | 12:02 pm
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Rent the Runway's Q2 earnings beat estimates but sales missed, indicating mixed financial performance. This could lead to uncertainty among investors.
Rent the Runway's Q2 earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The mixed results may lead to uncertainty among investors, potentially impacting the stock price in the short term.
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