**A. Earnings Beat Expectations, Revenue Surpasses Forecasts**
**B.
reported a net income of $1.1 billion for the quarter, exceeding analysts’ expectations of $800 million. The company’s revenue for the quarter was $1.4 billion, also exceeding analysts’ expectations of $1.2 billion.
Shares of NYSE MYTE traded down $0.04 during midday trading on Friday, reaching $3.86. 19,502 shares of the company traded hands, compared to its average volume of 58,042. MYT Netherlands Parent B.V. has a 12 month low of $2.05 and a 12 month high of $6.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.32 and a current ratio of 2.20. The stock’s 50-day simple moving average is $3.95 and its 200-day simple moving average is $4.21. The firm has a market cap of $328.10 million, a PE ratio of -11.36 and a beta of 1.12.
Get MYT Netherlands Parent B.V. alerts: Analyst Ratings Changes Separately, TD Cowen lifted their price target on MYT Netherlands Parent B.V. from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Thursday, May 16th. About MYT Netherlands Parent B.V. (Get Free Report) MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, rest of Europe, and internationally. It offers womenswear, menswear, kids wear, and lifestyle products. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.
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