ThredUp (TDUP) Share Price Drops 8% Following Q4 Results

ThredUp (NASDAQ: TDUP) shares dropped more than 8% after-hours following the company’s reported Q4 results, with EPS coming in at ($0.18), missing the consensus estimate of ($0.17).

Revenue grew 68% year-over-year to $72.9 million (vs. Street’s $69.97 million), which represents all-time quarterly revenue high.

The company ended the year with a record 1.7 million Active Buyers and 1.7 million Orders, representing growth of 36% and 69% year-over-year, respectively.

The company expects full 2022-year revenue in the range of $330-340 million, compared to the consensus estimate of $333 million.

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