ATRenew Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St.11-22

ATRenew (NYSE:RERE) Third Quarter 2024 Results Key Financial Results Revenue: CN¥4.05b (up 24% from 3Q 2023). Net income: CN¥17.9m (up from CN¥44.2m loss in 3Q 2023). Profit margin: 0.4% (up from net...

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The move to profitability was driven by higher revenue.NYSE:RERE Earnings and Revenue Growth November 22nd 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  surpassed analyst estimates.Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Specialty Retail industry in the US.The company's shares are up 18% from a week ago.While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on ATRenew's balance sheet health.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RERE":"万物新生"},"translate_title":"ATRenew 2024年第三季度收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RERE":1},"content_text":"ATRenew (NYSE:RERE) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: CN¥4.05b (up 24% from 3Q 2023).\nNet income: CN¥17.9m (up from CN¥44.2m loss in 3Q 2023).\nProfit margin: 0.4% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.\nEPS: CN¥0.074 (up from CN¥0.18 loss in 3Q 2023).\n\n\n\n\n  NYSE:RERE Earnings and Revenue Growth November 22nd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nATRenew EPS Beats Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. \n Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Specialty Retail industry in the US. \nPerformance of the American Specialty Retail industry.\n The company's shares are up 18% from a week ago. \nBalance Sheet Analysis\n While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on ATRenew's balance sheet health. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485258694"}