Conn's Inc tumbles as Q4 results miss estimates

Conn's

29/03/2022 12:50

** Shares of home goods retailer  CONN.O  down ~13% at
$17.83 premarket 
    ** Stock set to open at its lowest level in three weeks, if
losses hold
    ** CONN's Q4 total revenue rises more than 9% to $402.5 mln,
but falls short of Refinitiv estimate of $409.1 mln, as co
grappled with supply chain shortfalls and the Omicron variant of
COVID-19  urn:newsml:reuters.com:*:nASA035QA
    ** Adjusted profit of 33 cents per share also misses
estimates of 46 cents/shr
    ** Up to Monday's close, stock down ~13% this year

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))