MIDVALE, Utah (AP) — MIDVALE, Utah (AP) — Beyond, Inc. (BYON) on Thursday reported a loss of $61 million in its third quarter.
On a per-share basis, the Midvale, Utah-based company said it had a loss of $1.33. Losses, adjusted for non-recurring costs, came to 96 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 84 cents per share.
The online discount retailer posted revenue of $311.4 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $351.5 million.
Beyond shares have declined 66% since the beginning of the year. The stock has dropped 38% 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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