Update: Atour Lifestyle Shares Rise on Higher Q2 Revenue-February 2024-www.financetom.com

Update: Atour Lifestyle Shares Rise on Higher Q2 Revenue

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Update: Atour Lifestyle Shares Rise on Higher Q2 Revenue

Aug 29, 2024 8:47 AM

11:28 AM EDT, 08/29/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Atour Lifestyle Holdings' ( ATAT ) shares were up more than 10% in recent Thursday trading after the company's Q2 revenue rose year over year.

The company reported Q2 net income of 2.19 renminbi ($0.31) per diluted American depositary share.

Four analysts polled by Capital IQ expected 2.21 renminbi.

Net revenue for the quarter ended June 30 rose to 1.80 billion renminbi from 1.09 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 1.64 billion renminbi.

Atour said it expects 2024 net revenue to increase by 48% to 52% year over year.

Price: 18.29, Change: +1.77, Percent Change: +10.71

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