Charles & Colvard Ltd. (NASDAQ:CTHR) is expected to report first quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate first quarter loss of $ 0.03 per share from revenue of $ 5.70 million.
Looking ahead, the full year loss are expected at $ 0.07 per share on the revenues of $ 27.00 million.
Previous Quarter Performance
Charles & Colvard Ltd. reported loss for the fourth quarter of $ 0.04 per share, from the revenue of $ 4.43 million. The quarterly revenues declined 41.79 percent compared with the same quarter last year. According to street consensus, CTHR was expected to report 4Q20 loss of $ 0.07 per share from revenue of $ 2.60 million. The bottom line results beat street analysts by $ 0.03 or 42.86 percent, at the same time, top line results outshined analysts by $ 1.83 million or 70.38 percent.
Stock Performance
Shares of Charles & Colvard Ltd. traded low $ -0.01 or -1.43 percent on Wednesday, reaching $ 0.85 with volume of 93.70 thousand shares. Charles & Colvard Ltd. has traded high as $ 0.87 and has cracked $ 0.84 on the downward trend
The closing price of $ 0.85, representing a 43.33 % increase from the 52 week low of $ 0.60 and a 46.25 % decrease over the 52 week high of $ 1.60.
The company has a market capital of $ 24.64 million and is part of the Consumer Cyclical sector and Luxury Goods industry.
Conference Call
Charles & Colvard Ltd. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.charlesandcolvard.com
Charles & Colvard, Ltd. manufactures, markets, and distributes moissanite jewels and finished jewelry featuring moissanite worldwide. The company offers near-colorless moissanite jewels cut in various shapes, including round, square brilliant, princess, cushion, radiant, pear, marquise, heart, and oval in sizes ranging from approximately 1.3 to 12 millimeters.
