SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — A.k.a. Brands Holding Corp. (AKA) on Wednesday reported a first-quarter loss of $9.6 million, after reporting a profit in the same period a year earlier.
The San Francisco-based company said it had a loss of 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The portfolio of online fashion brands posted revenue of $120.5 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $120 million.
For the current quarter ending in June, a.k.a. Brands said it expects revenue in the range of $137 million to $140 million.
The company expects full-year revenue in the range of $575 million to $605 million.
In the final minutes of trading on Wednesday, the company’s shares hit 39 cents. A year ago, they were trading at $3.25.
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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 AKA at https://www.zacks.com/ap/AKA
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