Purple Innovation: Q1 Earnings Snapshot

LEHI, Utah (AP) — LEHI, Utah (AP) — Purple Innovation, Inc. (PRPL) on Wednesday reported a loss of $23.3 million in its first quarter.

The Lehi, Utah-based company said it had a loss of 24 cents per share. Losses, adjusted for non-recurring costs and pretax expenses, were 12 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The company posted revenue of $109.4 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $105 million.

Purple Innovation expects full-year revenue in the range of $590 million to $615 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 PRPL at https://www.zacks.com/ap/PRPL