ThredUp Q1 2024 GAAP EPS $(0.15) Misses $(0.14) Estimate, Sales $79.588M Miss $80.136M Estimate
Portfolio Pulse from Benzinga Newsdesk
ThredUp (NASDAQ:TDUP) reported Q1 2024 earnings with a GAAP EPS of $(0.15), missing the $(0.14) estimate, and sales of $79.588M, slightly below the $80.136M estimate. Despite these misses, both earnings and sales showed improvement over the previous year, with a 21.05% decrease in losses per share and a 4.83% increase in sales.
May 06, 2024 | 8:49 pm
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ThredUp reported a slight miss in Q1 2024 earnings and sales compared to analyst estimates, but showed improvement from the previous year.
Missing analyst estimates for both earnings per share and sales typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the improvement over the previous year's figures could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100