Advertisement
U.S. markets close in 5 hours 42 minutes
  • S&P 500

    5,249.39
    +0.90 (+0.02%)
     
  • Dow 30

    39,758.33
    -1.75 (-0.00%)
     
  • Nasdaq

    16,385.08
    -14.44 (-0.09%)
     
  • Russell 2000

    2,123.09
    +8.74 (+0.41%)
     
  • Crude Oil

    82.36
    +1.01 (+1.24%)
     
  • Gold

    2,226.70
    +14.00 (+0.63%)
     
  • Silver

    24.68
    -0.07 (-0.27%)
     
  • EUR/USD

    1.0807
    -0.0022 (-0.21%)
     
  • 10-Yr Bond

    4.2000
    +0.0040 (+0.10%)
     
  • GBP/USD

    1.2637
    -0.0001 (-0.01%)
     
  • USD/JPY

    151.2820
    +0.0360 (+0.02%)
     
  • Bitcoin USD

    70,839.98
    +1,569.94 (+2.27%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,961.75
    +29.77 (+0.38%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

TrueCar: 3Q Earnings Snapshot

TrueCar: 3Q Earnings Snapshot

SANTA MONICA, Calif. (AP) _ TrueCar Inc. (TRUE) on Tuesday reported a loss of $6.3 million in its third quarter.

On a per-share basis, the Santa Monica, California-based company said it had a loss of 6 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 4 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The provider of localized information on new car costs posted revenue of $93.6 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $93.8 million.

For the current quarter ending in December, TrueCar said it expects revenue in the range of $95.5 million to $97.5 million.

The company expects full-year revenue in the range of $358 million to $360 million.

TrueCar shares have climbed 2.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.48, a drop of 30 percent in the last 12 months.

_____

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

Advertisement