LEHI, Utah (AP) — LEHI, Utah (AP) — Purple Innovation, Inc. (PRPL) on Thursday reported a loss of $8.5 million in its fourth quarter.
The Lehi, Utah-based company said it had a loss of 8 cents per share. Losses, adjusted for non-recurring costs, came to 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The company posted revenue of $129 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $128.7 million.
For the year, the company reported a loss of $97.9 million, or 91 cents per share. Revenue was reported as $487.9 million.
Purple Innovation expects full-year revenue in the range of $465 million to $485 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 PRPL at https://www.zacks.com/ap/PRPL
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