LEHI, Utah (AP) — LEHI, Utah (AP) — Purple Innovation, Inc. (PRPL) on Tuesday reported a loss of $19.1 million in its first quarter.
On a per-share basis, the Lehi, Utah-based company said it had a loss of 18 cents. Losses, adjusted for non-recurring costs and restructuring costs, came to 11 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 14 cents per share.
The company posted revenue of $104.2 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $104.3 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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