Allbirds gains after upbeat Q3 results

Allbirds

09/11/2022 13:55

** Shares of footwear maker Allbirds Inc  BIRD.O  rise 6.8%
to $2.99 premarket
    ** BIRD reports Q3 adjusted loss of 15 cents​​ per share vs
market estimates for loss of 17 cents per share  urn:newsml:reuters.com:*:nTUA6NGQ1S
    ** Co's revenue rises 15.9% to $72.65 mln from a year ago,
above expectations of $67.78 mln
    ** BIRD maintains guidance targets for FY 2022
    ** However, at least six analysts cut co's PT after results
    ** Eight of 13 brokerages rate the stock "buy" or higher and
five "hold"; their median PT is $5.25 - Refinitiv data
    ** BIRD's shares have fallen 81.4% so far this year, as of
last close
 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;))