Lulu’s Fashion Lounge Holdings Inc. (LVLU) said after close Tuesday that it earned $0.02 per share in quarter three 2022.
On the revenue line, the company reported $105.3 million, missing estimates by $8.9 million.
In the same quarter a year ago, the company earned $0.13 per share on revenue of $106.3 million.
The stock is down 17.09% to $5.22 after the report.
The firm’s higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Lulu’s Fashion Lounge Holdings Inc. has performed a little below average during the past few months. Before the report, Lulu’s Fashion Lounge Holdings Inc. received a Long-Term Technical Rank by InvestorsObserver of 35, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $4.57 on September 30, 2022 and set a 52-week high on June 6, 2022 at $21.29.
Lulus Fashion Lounge Holdings Inc is a fashion brand serving Millennial and Gen Z women. Its products include Fall Dresses, Winter Dresses, Sweater Dresses, Short Dresses, Casual Dresses, Wedding Dresses, and Denims, among others. The company generates revenue from the sale of merchandise products directly to end customers.
