Build-A-Bear Workshop shares are trading higher after the company reported better-than-expected Q4 EPS but missed on revenue. Additionally, the company guided FY24 revenue growth on a low-to-mid-single-digit percentage basis.
Portfolio Pulse from Benzinga Newsdesk
Build-A-Bear Workshop's shares increased following the announcement of Q4 earnings per share (EPS) that exceeded expectations, despite missing revenue forecasts. The company also projected revenue growth for FY24 in the low-to-mid-single-digit percentage range.
March 14, 2024 | 1:11 pm
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Build-A-Bear Workshop's stock price increased due to better-than-expected Q4 EPS, despite a miss on revenue forecasts. The company's FY24 revenue growth projection may also influence investor sentiment.
The positive reaction in Build-A-Bear Workshop's stock price can be attributed to the company's Q4 EPS beating expectations, which often has a more immediate impact on investor sentiment than revenue performance. The guidance for FY24 revenue growth, despite being in the low-to-mid-single-digit percentage range, provides a positive outlook that may support investor confidence in the company's growth trajectory.
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