BUZZ-Beyond shares tumble after quarterly report

Reuters

2024-10-25

** Shares in e-commerce co Beyond Inc were down 31% on Thursday, hitting lowest level since April 2020, after quarterly results disappoint investors

** BYON, owner of retail brands such as Overstock, Bed Bath & Beyond and Zulily, reported Q3 rev of $311.43 mln, down 16.6% YTD and below Wall St consensus expectation for $353.02 mln

** BYON's adj loss/shr of $1.33 compared with year-ago loss of $0.61/shr and consensus expectation for loss/shr of $0.72

** Stock last traded at $6.60 vs median PT of $14, as per LSEG, which shows 12 analyst ratings: 2 'strong buy,' 2 'buy' and 8 'hold' ratings

** YTD BYON shares down 76%, tracking it for biggest annual decline since 2018

(Reporting by Sinéad Carew)

((sinead.carew@thomsonreuters.com; +13322191897;))

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