MURRAY, Utah (AP) — MURRAY, Utah (AP) — Beyond, Inc. (BYON) on Monday reported a loss of $19.3 million in its second quarter.
On a per-share basis, the Murray, Utah-based company said it had a loss of 34 cents. Losses, adjusted for non-recurring costs, came to 22 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.
The online discount retailer posted revenue of $282.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $261.4 million.
Beyond shares have more than doubled since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.30, a decrease of 25% 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 BYON at https://www.zacks.com/ap/BYON
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