09:10 AM EDT, 03/12/2024 (MT Newswires) -- ATRenew ( RERE ) reported Q4 adjusted earnings Tuesday of 0.57 renminbi ($0.08) per diluted ordinary share, up from 0.13 renminbi a year earlier.

Revenue for the quarter ended Dec. 31 was 3.87 billion renminbi, up from 2.98 billion renminbi a year earlier

Analysts' estimates were not available for comparison.

For Q1, the company said it expects revenue of between 3.55 billion renminbi and 3.65 billion renminbi.

Meanwhile, ATRenew ( RERE ) announced a share-repurchase program to buy back up to $20 million of its shares over a 12-month period.

Shares of the company surged more than 36% in premarket activity.

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