Revolve Group Shares Jump After Q3 Earnings, Net Sales Beat Estimates

MT Newswires Live11-07

Revolve Group (RVLV) shares jumped more than 23% in recent Wednesday trading, a day after reporting better-than-expected Q3 earnings and net sales.

The company reported Q3 earnings late Tuesday of $0.15 per diluted share, up from $0.04 a year earlier.

Analysts polled by Capital IQ expected $0.09.

Net sales for the quarter ended Sept. 30 were $283.1 million, up from $257.6 million a year earlier.

Analysts polled by Capital IQ expected $271.2 million.

Price: 32.04, Change: +6.02, Percent Change: +23.14

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