Brilliant Earth shines on upbeat FY sales forecast, Q3 results

Brilliant Earth

12/11/2021 13:10

** Shares of jewelry maker  BRLT.O  up over 8% at $15.35
before the bell 
    ** BRLT, which caters chiefly to Gen-Z and millennial
consumers, forecasts annual sales above estimates after beating
expectations for Q3 results
    ** Sees FY 2021 net sales of $366 mln-$369 mln, higher than
analysts' estimate of $357.2 mln  urn:newsml:reuters.com:*:nASA02SHC
    ** Posts Q3 adj. EPS of 9 cents on revenue of $95.2 mln,
topping estimates of a profit of 1 cent per share on rev of
$87.1 mln
    ** Current avg. rating on BRLT among 8 analysts is "buy"
    ** As of last close, BRLT, which debuted in Sept., up ~18%
from its IPO price of $12

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))