JOAN - Why JOANN Stock Tanked After-Hours | Benzinga
Joann Inc. (NASDAQ: JOAN) shares are trading lower in Monday's after-hours session after the company reported third-quarter earnings. Here's what's moving the stock.
What To Know: Joann reported quarterly losses of 21 cents per share, in-line with analyst expectations, a 450% decrease over earnings of six cents per share from the same period last year.
The company reported quarterly sales of $539.80 million, falling below the analyst consensus estimate of $547.20 million, marking a 4.09% decrease over sales of $562.80 million the same period last year.
Among the revenue metrics, e-commerce sales grew at a rate of 11.5% year-over-year, comprising 13.1% of ...