111 Inc ADR Up 0.7% To $2.88 After Earnings

111 Inc ADR (YI) said before open Thursday that it lost $0.02 per share in quarter one 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $538.3 million in revenue

In the same quarter a year ago, the company lost $0.14 per share on revenue of $470.5 million.

The stock is up 0.7% to $2.88 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 35.

111 Inc is engaged in online retail and wholesale pharmacy. It operates an integrated online and offline platform in the healthcare ecosystem in China. It is engaged in the sales of medical and wellness products through online retail and wholesale pharmacies and offline retail pharmacies, as well as the provision of certain value-added services, such as online consultation services and e-prescription services to consumers in China. It manages operations into two segments: the B2C segment and the B2B segment. The B2B segment generates the vast majority of its revenue.