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The RealReal: 3Q Earnings Snapshot

·1 min read

SAN FRANCISCO (AP) _ The RealReal Inc. (REAL) on Monday reported a loss of $43.3 million in its third quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 49 cents. Losses, adjusted for stock option expense and restructuring costs, were 41 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.

The online luxury consignment site posted revenue of $78.1 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $79.3 million.

The RealReal shares have dropped 14% since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.25, a fall of 7.5% in the last 12 months.

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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 REAL at https://www.zacks.com/ap/REAL