Rent The Runway, Inc. (NASDAQ:RENT) stock plunged after the released its second-quarter results after Thursday’s closing bell. Here’s a look at the details in the report.
- RENT stock is plunging. See the real-time price action here.
The Details: Rent the Runway reported wider-than-expected quarterly losses of $6.55 per share, compared to the analyst estimate for losses of $5.48.
Quarterly revenue came in at $80.9 million which beat the $75.5 million analyst estimate.
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The company also announced a recapitalization plan to reduce debt from $340 …