Update: Envela Shares Rise After Q4 Beat

MT Newswires Live

Mar 20

(Updates with the latest stock price movement in the headline and the first paragraph.)

Envela (ELA) shares rose 36% on Thursday, a day after the company reported better-than-expected Q4 results.

The company reported Q4 net income late Wednesday of $0.23 per diluted share, up from $0.06 a year earlier.

Two analysts polled by FactSet expected $0.09.

Revenue in the three months ended Dec. 31 rose to $80.5 million from $48.3 million a year earlier.

Two analysts expected $52.2 million.

Price: 15.79, Change: +4.18, Percent Change: +36.00

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