Rent The Runway Sees Q3 Revenue Of $72M - $74M Vs. $84.74M Est.
Portfolio Pulse from Benzinga Newsdesk
Rent The Runway expects its Q3 revenue to be between $72M and $74M, which is lower than the estimated $84.74M.

September 08, 2023 | 12:05 pm
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Rent The Runway's projected Q3 revenue is lower than expected, which could negatively impact its stock price.
Companies' stock prices often react to their financial results. In this case, Rent The Runway's lower than expected Q3 revenue projection could lead to a decrease in its stock price as it indicates potential financial instability or underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100