MURRAY, Utah (AP) — MURRAY, Utah (AP) — Beyond, Inc. (BYON) on Monday reported a loss of $39.9 million in its first quarter.
On a per-share basis, the Murray, Utah-based company said it had a loss of 74 cents. Losses, adjusted for non-recurring costs, came to 42 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 67 cents per share.
The online discount retailer posted revenue of $231.7 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $286.2 million.
In the final minutes of trading on Monday, the company’s shares hit $4.21. A year ago, they were trading at $21.49.
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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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