LEHI, Utah (AP) 鈥� LEHI, Utah (AP) 鈥� Purple Innovation, Inc. (PRPL) on Monday reported a loss of $3.2 million in its second quarter.
The Lehi, Utah-based company said it had a loss of 74 cents per share. Losses, adjusted for non-recurring gains, came to $1.52 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $2 per share.
The company posted revenue of $98.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $102.4 million.
Purple Innovation expects full-year revenue in the range of $420 million to $440 million.
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