LEHI, Utah (AP) — LEHI, Utah (AP) — Purple Innovation, Inc. (PRPL) on Tuesday reported a loss of $11.7 million in its third quarter.
On a per-share basis, the Lehi, Utah-based company said it had a loss of 11 cents. Losses, adjusted for one-time gains and costs, came to 8 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The company posted revenue of $118.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $123.1 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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