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Poshmark: Q1 Earnings Snapshot

·1 min read

REDWOOD CITY, Calif. (AP) _ Poshmark Inc. (POSH) on Wednesday reported a loss of $74.5 million in its first quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of $1.19. Losses, adjusted for non-recurring costs, came to 33 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.

The online marketplace for second-hand goods posted revenue of $81 million in the period.

For the current quarter ending in July, Poshmark said it expects revenue in the range of $79 million to $81 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on POSH at https://www.zacks.com/ap/POSH

The Associated Press

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