OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — ThredUp Inc. (TDUP) on Monday reported a loss of $16.6 million in its first quarter.
The Oakland, California-based company said it had a loss of 15 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The online seller of secondhand clothing posted revenue of $79.6 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $80.3 million.
For the current quarter ending in June, ThredUp said it expects revenue in the range of $81 million to $83 million.
The company expects full-year revenue in the range of $328 million to $338 million.
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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 TDUP at https://www.zacks.com/ap/TDUP
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