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Adam Eckert

REVEALED: After hours action why rent the runway stock is surging - The Real Truth

RENT Rent Runway

Rent The Runway Inc (NASDAQ:RENT) shares are trading higher in Thursday's after-hours session after the company reported better-than-expected financial results and issued guidance above analyst estimates.

Rent The Runway said first-quarter revenue doubled year-over-year to $67.1 million, which beat the estimate of $64.14 million, according to data from Benzinga Pro. The company reported a quarterly earnings loss of 67 cents per share, which beat the estimate for a loss of 73 cents per share.

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