111 Q2 EPS $(0.02) Up From $(0.06) YoY, Sales $471.21M Down From $497.60M YoY
Portfolio Pulse from Benzinga Newsdesk
111 Inc. (NASDAQ:YI) reported a Q2 EPS loss of $(0.02), an improvement from $(0.06) YoY, with sales of $471.21M, down 5.3% from $497.60M YoY.
August 29, 2024 | 6:14 am
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111 Inc. reported a smaller EPS loss of $(0.02) compared to $(0.06) last year, indicating improved profitability. However, sales decreased by 5.3% to $471.21M, which may concern investors.
The improvement in EPS loss suggests better cost management or operational efficiency, which is positive. However, the decline in sales could indicate challenges in market demand or competition, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100