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Blue Apron shares slide 4.9% premarket after company posts wider-than-expected loss and revenue falls short

·1 min read
Blue Apron shares slide 4.9% premarket after company posts wider-than-expected loss and revenue falls short
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Blue Apron Holdings Inc. shares slid 4.9% in premarket trade Monday, after the meal kit maker posted a wider-than-expected loss for the first quarter and revenue that fell short of consensus. The company had a loss of $38.4 million, or $1.19 a share, for the quarter, after a loss of $15.7 million, or 88 cents a share, in the year-earlier period. Revenue fell to $117.8 million from $129.7 million a year ago. The FactSet consensus was for a loss of 69 cents a share and revenue of $125.0 million. T