ThredUp drops on disappointing Q1 revenue forecast

ThredUp

07/03/2022 21:42

** Second-hand apparel retailer's shares  TDUP.O  down 11.1%
at $6.71 in extended trading, after jumping over 7.5% during
regular hours
    ** Co forecasts Q1 revenue of $70 mln to $72 mln, below
analysts' estimates of $76.7 mln, as per Refinitv data
    ** However, TDUP beats Q4 revenue estimates  urn:newsml:reuters.com:*:nASA033JW
    ** Up to Monday's close, TDUP had lost nearly half its value
from its March 2021 IPO price of $14 

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: https://twitter.com/sampath_uday  ;))