Stocks to Watch: GitLab, Joann, Travere Therapeutics [MarketWatch]
JOANN, Inc. - common stock (JOAN)
Company Research
Source: MarketWatch
The company now expects an adjusted profit of 12 cents to 13 cents a share, compared with prior guidance of an adjusted loss of 5 cents to 8 cents a share. The stock rises 16%, to $61.65, in after-hours trading. Joann logged a wider loss in the three months ended Oct. 28, as the fabric and sewing-products retailer's sales sank over 4%. The company's adjusted loss of 21 cents a share was in line with expectations. Shares fall 6.7%, to 83 cents, after-hours. Advertisement Travere Therapeutics will slash its workforce by about 20% and will dedicate resources to two ongoing programs, a treatment for a Berger's disease and classical HCU. The company said Monday that the move would extend its cash runway into 2028. Shares rise 7.3%, to $6.75, in after-hours trading. Write to Ben Glickman at ben.glickman@wsj.com
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