Blue Apron: 3Q Earnings Snapshot
NEW YORK (AP) _ Blue Apron Holdings Inc. (APRN) on Tuesday reported a loss of $33.9 million in its third quarter.
The New York-based company said it had a loss of 18 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The meal-kit seller posted revenue of $150.6 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $157.1 million.
In the final minutes of trading on Tuesday, the company’s shares hit $1.22. A year ago, they were trading at $3.06.