111 Q1 Adj EPADS $(0.02), Same YoY, Sales $488.68M Down From $538.29M YoY
Portfolio Pulse from Benzinga Newsdesk
111 (NASDAQ:YI) reported a quarterly adjusted loss per ADS of $(0.02), unchanged from the same period last year. Sales for the quarter were $488.68 million, a 9.22% decrease from $538.29 million in the same period last year.
May 23, 2024 | 9:32 am
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111 (NASDAQ:YI) reported a quarterly adjusted loss per ADS of $(0.02), unchanged from the same period last year. Sales decreased by 9.22% to $488.68 million.
The unchanged loss per ADS indicates no improvement in profitability, while the significant decrease in sales suggests declining business performance. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100