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Why Lands' End, Inc. Stock Popped Today

TheMotleyFool

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Why Lands' End, Inc. Stock Popped TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

Shares of Lands' End (NASDAQ: LE) skyrocketed nearly 24% in Tuesday's early trading, then settled to trade up around 6% as of 1:15 p.m. EST after the casual clothing, accessories, and footwear retailer announced stronger-than-expected fiscal third-quarter results.

Quarterly revenue climbed 4.5% year over year to $325.5 million, which translated to net income of $0.2 million, or $0.01 per share. Analysts, on average, were expecting a net loss of $0.04 per share on revenue of $320.2 million.

IMAGE SOURCE: LANDS' END.

Source: Fool.com