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Lovesac Stock Soars After Q4 Beat

Published 16 hours ago
Description

Lovesacs stock surged over 24% following Q4 earnings that outpaced expectations, despite weaker guidance. The furniture makers revenue grew 2.7% to $248 million, with earnings at $2.19 per share. The market rally, driven by falling crude oil prices, also contributed to the stocks rise. However, Lovesacs long-term performance remains volatile, with a $1,000 investment from five years ago now worth just $248.

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