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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