MIDVALE, Utah (AP) — MIDVALE, Utah (AP) — Beyond, Inc. (BYON) on Monday reported a loss of $72.2 million in its first quarter.
On a per-share basis, the Midvale, Utah-based company said it had a loss of $1.58. Losses, adjusted for non-recurring costs, came to $1.22 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 92 cents per share.
The online discount retailer posted revenue of $382.3 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $389 million.
Beyond shares have dropped 21% since the beginning of the year. In the final minutes of trading on Monday, shares hit $21.89, an increase of 11% 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 BYON at https://www.zacks.com/ap/BYON
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