iPower gains on Q2 revenue beat
15/02/2022 16:23
** Shares of e-commerce company IPW.O up as much as 44% at
$2.35 - stock's best day ever
** Stock also set to snap two straight sessions of decline
** IPW posts a 52% rise in Q2 revenue to $17.1 mln, compared
with ests. of $15.07 mln, according to Refinitiv data
urn:newsml:reuters.com:*:nGNX1zkgzh
** Growth was driven by greater in-house product sales and
strong demand for ventilation products
** Stock fell ~2% last year
(Reporting by Tiyashi Datta in Bengaluru)
((tiyashi.datta@thomsonreuters.com))