SAN FRANCISCO (AP) 鈥� SAN FRANCISCO (AP) 鈥� The RealReal Inc. (REAL) on Thursday reported first-quarter profit of $38.9 million.
On a per-share basis, the San Francisco-based company said it had net loss of 7 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 1 cent per share.
The online luxury consignment site posted revenue of $189.7 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $187.7 million.
For the current quarter ending in June, The RealReal said it expects revenue in the range of $186 million to $189 million.
The company expects full-year revenue in the range of $770 million to $784 million.
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