Warby Parker Stock Jumps 23% As Margin Gains And EBITDA Beat Spark Relief Rally Ahead Of Google Smart Glasses
Shares of Warby Parker Inc. jumped 23% on Thursday after the eyewear retailer reported double-digit revenue growth and better-than-expected profitability, sparking a relief rally after a weak stretch for the stock.
Warby Parker shares rose $4.92 to $26.21 in Thursday trading, with about 2.4 million shares changing hands. The rally lifted the company's market value to about $3.2 billion, and the shares are now up about 26% over the past year.
The stock had shed roughly 19.5% over the prior three months heading into the report.
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