The RealReal: Q1 Earnings Snapshot
SAN FRANCISCO (AP) _ The RealReal Inc. (REAL) on Tuesday reported a loss of $57.4 million in its first quarter.
The San Francisco-based company said it had a loss of 61 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 47 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 51 cents per share.
The online luxury consignment site posted revenue of $146.7 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $136.3 million.
For the current quarter ending in July, The RealReal said it expects revenue in the range of $150 million to $160 million.
The company expects full-year revenue in the range of $635 million to $665 million.