SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — A.k.a. Brands Holding Corp. (AKA) on Tuesday reported a loss of $8.4 million in its first quarter.
The San Francisco-based company said it had a loss of 78 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 78 cents per share.
The portfolio of online fashion brands posted revenue of $128.7 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $122.1 million.
For the current quarter ending in June, a.k.a. Brands said it expects revenue in the range of $154 million to $158 million.
The company expects full-year revenue in the range of $600 million to $610 million.
A.k.a. Brands shares have dropped 54% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.70, a decrease of 68% 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 AKA at https://www.zacks.com/ap/AKA
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