Shares of direct-to-consumer specialty furniture brand The Lovesac Company (LOVE) are up more than 8% in pre-market trade on Wednesday on better-than-expected fourth-quarter results.
Net income in the fourth quarter jumped to $21.7 million or $1.37 per share from $5.4 million or $0.37 per share in the same quarter a year ago. Analysts polled by Thomson Reuters expected the company to report earnings of $0.58 per share. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.