CHICAGO (AP) — CHICAGO (AP) — Cars.com Inc. (CARS) on Thursday reported a first-quarter loss of $2 million, after reporting a profit in the same period a year earlier.
The Chicago-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs, were 37 cents per share.
The online automotive marketplace posted revenue of $179 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $179.3 million.
Cars.com shares have declined 35% since the beginning of the year. The stock has decreased 34% 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 CARS at https://www.zacks.com/ap/CARS
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