RTTNews | Mar 10, 2021 10:26AM EST

10:25 Wednesday, March 10, 2021 (RTTNews.com) - Shares of Build-A-Bear Workshop, Inc. (BBW) are gaining over 13% on Wednesday morning after the toy company reported fourth-quarter earnings that trumped Wall Street analysts' expectations.

BBW is currently trading at $8.07, up $0.93 or 13.03%, on the Nasdaq.

Fourth-quarter profit was $8.8 million or $0.57 per share, up from $6.2 million or $0.42 per share last year. Adjusted earnings were $1.4 million or $0.47 per share.

Revenues for the quarter dropped to $93.7 million from $104.6 million last year. E-commerce sales more than doubled during the quarter, while retail sales slipped 8.7%.

Analysts polled by Thomson Reuters expected earnings of $0.16 per share on revenues of $90.49 million.

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