iMedia Brands (IMBI) Tops Q3 EPS by 1c

iMedia Brands (NASDAQ: IMBI) reported Q3 EPS of ($0.39), $0.01 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $109 million versus the consensus estimate of $108.4 million.

Outlook:

In Q4, iMedia Brands anticipates posting adjusted EBITDA in the mid-to-high single-digit millions. The Company also continues to believe that the pandemic’s effect will be reduced because it has a direct-to-consumer revenue model that serves customers who seek to buy goods from the comfort of their own homes, and it is not dependent on the traditional advertising dollars from national advertisers who are impacted by the continued disruption of the brick and mortar shopping experience.

For earnings history and earnings-related data on iMedia Brands (IMBI) click here.

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