Charles & Colvard shines on Q1 revenue beat

Charles & Colvard

06/11/2020 13:17

** Jewelry maker's shares  CTHR.O  up 17.6% to $1.07 in
premarket trading
    ** Stock set to open at its highest in about nine months
    ** After market close on Thursday, CTHR reported Q1 net
sales of $7.9 mln, topping consensus analyst est. of $5.7 mln,
according to IBES data from Refinitiv  urn:newsml:reuters.com:*:nPn8V1Nxja
    ** Co's online channels segment, which includes e-commerce
outlets, recorded a 21% increase in net sales in the qtr
    ** Profit stood at 3 cents/shr, also topping IBES est. of a
3 cents/shr loss
    ** Stock down 35.8% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))