Charles & Colvard falls on lower revenue, profit

Charles & Colvard

02/09/2022 17:27

** Shares of Charles & Colvard  CTHR.O  fall 5.6% to $1.17
after decreased demand for co's jewelry at brick-and-mortar
stores weighs on Q4 sales
    ** Quarterly net sales drop 4% to $9.3 mln, but co's online
sales see growth  urn:newsml:reuters.com:*:nPn1RPKqSa
    ** Net income falls to $41,000 in Q4 vs $8.4 mln in the
year-ago quarter, hurt by higher costs
    ** Stock down 57% YTD, up to the last close

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))