LuxExperience stock surges 16% as the luxury e-commerce firm beats revenue forecasts and maintains positive EBITDA momentum, offsetting a wider-than-expected adjusted earnings loss.
Quarterly revenue exceeded expectations and positive adjusted EBITDA continued, driving shares up nearly 16% despite an adjusted EPS miss.
LuxExperience B.V. shares climbed 15.88% in premarket trading after reporting fourth-quarter revenue of €663.8 million, surpassing analyst expectations of €643.9 million. Despite an adjusted EPS loss of €0.18, the company achieved its third consecutive quarter of positive adjusted EBITDA and announced a $50 million share repurchase program.
The market reacted positively to the company's revenue beat, its third consecutive quarter of positive adjusted EBITDA, and the announcement of a new $50 million share repurchase program.