MIDVALE, Utah (AP) — MIDVALE, Utah (AP) — Beyond, Inc. (BYON) on Monday reported a loss of $81.3 million in its fourth quarter.
The Midvale, Utah-based company said it had a loss of $1.66 per share. Losses, adjusted for non-recurring costs, came to 91 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 74 cents per share.
The online discount retailer posted revenue of $303.2 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $326.8 million.
For the year, the company reported that its loss narrowed to $258.8 million, or $5.56 per share. Revenue was reported as $1.39 billion.
Beyond shares have risen 40% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.92, a fall of 75% 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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