CORRECTION: ATRenew Q2 2024 Adj EPS RMB0.48 Misses RMB0.50 Estimate, Sales RMB3.78B Beat RMB3.72B Estimate
Portfolio Pulse from Benzinga Newsdesk
ATRenew's Q2 2024 adjusted EPS of RMB0.48 missed the estimate of RMB0.50, while sales of RMB3.78 billion exceeded the estimate of RMB3.72 billion.
August 20, 2024 | 1:36 pm
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NEUTRAL IMPACT
ATRenew reported Q2 2024 earnings with an EPS miss but a sales beat. The adjusted EPS was RMB0.48, below the RMB0.50 estimate, while sales were RMB3.78 billion, surpassing the RMB3.72 billion estimate.
The mixed earnings report for ATRenew, with an EPS miss but a sales beat, suggests potential volatility in the stock price. The EPS miss might concern investors, but the sales beat could offset some negative sentiment. Overall, the impact is neutral as the positive sales performance balances the EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100