Purple Innovation: Q3 Earnings Snapshot
LEHI, Utah (AP) — LEHI, Utah (AP) — Purple Innovation, Inc. (PRPL) on Thursday reported a loss of $36 million in its third quarter.
On a per-share basis, the Lehi, Utah-based company said it had a loss of 34 cents. Losses, adjusted for non-recurring costs, came to 18 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The company posted revenue of $140 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $160.4 million.
Purple Innovation expects full-year revenue in the range of $510 million to $520 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
