Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Lovesac Stock Is Plummeting Today

TheMotleyFool

0 0

Shares of modular furniture maker Lovesac (NASDAQ: LOVE) are down 17% Thursday as of 11 p.m. ET, according to data provided by S&P Global Market Intelligence.

During the second quarter, Lovesac met analysts' expectations by growing sales by 2.5%, and its $0.40 net loss per share was much better than expected for the company's slower summer quarter.

However, management slashed full-year earnings-per-share guidance from $1.08 at the midpoint to $0.75, prompting the market's adverse reaction.

Source Fool.com

Like: 0

LOVE

Share