Pattern Group: Q4 Financial Results Overview

Pattern Group Inc Reports Strong Fourth-Quarter Results

Pattern Group Inc, headquartered in Lehi, Utah, announced a net profit of $28.7 million for the fourth quarter.

The company’s earnings translated to 16 cents per share, surpassing analyst projections.

According to Zacks Investment Research, the consensus estimate from three analysts was 11 cents per share, making Pattern Group’s performance better than anticipated.

During the quarter, the e-commerce company generated $723.1 million in revenue, exceeding the $691.4 million forecasted by analysts surveyed by Zacks.

Despite the strong quarter, Pattern Group ended the year with a net loss of $156.6 million, or $1.36 per share, on total annual revenue of $2.5 billion.

Looking ahead to the first quarter ending in March, the company projects revenue between $710 million and $720 million.

For the full year, Pattern Group anticipates revenue to fall within the range of $3.12 billion to $3.16 billion.