Burning Rock Q1 EPS RMB(1.19) Up From RMB(1.81) YoY, Revenues RMB125.6M Down From RMB142.5M YoY
Portfolio Pulse from Benzinga Newsdesk
Burning Rock reported its Q1 earnings with an EPS of RMB(1.19), an improvement from RMB(1.81) YoY. However, revenues decreased to RMB125.6M from RMB142.5M YoY.
May 29, 2024 | 6:03 am
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Burning Rock's Q1 earnings showed an improved EPS of RMB(1.19) compared to RMB(1.81) YoY, but revenues declined to RMB125.6M from RMB142.5M YoY.
The improvement in EPS is a positive sign, indicating better cost management or operational efficiency. However, the decline in revenues is a concern and could offset the positive sentiment from the EPS improvement. The mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100