Warby Parker rises as Q4 revenue beats estimates on steady demand

Warby Parker

28/02/2023 14:24

** Shares of sunglasses maker Warby Parker Inc  WRBY.N  rise
~2.5% to $13.26 premarket
    ** Co beats Q4 revenue estimates, benefiting from steady
demand for progressive glasses and higher prices
    ** Says revenue up 10.2% at $146.4 mln, beating  analysts'
estimates of $142.5 mln - Refinitiv     
    ** Posts net loss of $20.2 mln for the quarter, compared
with $45.9 mln loss a year ago     
    ** Co forecasts 2023 net sales between $645 mln and $660
mln, compared with analysts' expectations of $666.7 mln
    ** Up to Monday's close, stock had fallen ~56% in the past
12 months

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))