Warby Parker surges after upbeat forecast, Q3 revenue beat

Warby Parker

10/11/2022 14:54

** Shares of eyewear maker Warby Parker Inc  WRBY.N  surge
~21.2% to $16.04 in morning trade 
    ** Stock set for its best day, if gains hold 
    ** Co sees FY22 revenue between $590 mln and $596 mln vs
estimates of $590.9 mln, according to Refinitiv IBES 
    ** "Warby Parker delivered solid results in a quarter where
inflationary concerns and weakening consumer demand continue to
impact our industry” - Dave Gilboa, co-CEO 
    ** WRBY's Q3 revenue rises 8.3% to $148.8 mln, topping
estimates of $144.6 mln  
    ** Stock down ~65.4% YTD 
 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))