ATRenew Q1 2024 Adj EPS RMB0.13 Misses RMB0.52 Estimate, Sales RMB3.651B Beat RMB3.562B Estimate
Portfolio Pulse from Benzinga Newsdesk
ATRenew reported its Q1 2024 financial results, with an adjusted EPS of RMB0.13, missing the estimate of RMB0.52. However, the company beat sales estimates, reporting RMB3.651 billion compared to the expected RMB3.562 billion.
May 20, 2024 | 8:18 am
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NEUTRAL IMPACT
ATRenew's Q1 2024 earnings report showed a mixed performance with an EPS miss but a sales beat. This could lead to short-term volatility in the stock price.
The mixed results, with an EPS miss but a sales beat, suggest that while the company is generating more revenue than expected, its profitability is lower than anticipated. This could lead to short-term volatility as investors react to the conflicting signals.
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