SAN FRANCISCO (AP) 鈥� SAN FRANCISCO (AP) 鈥� The RealReal Inc. (REAL) on Thursday reported a loss of $27.2 million in its second quarter.
The San Francisco-based company said it had a loss of 23 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 1 cent per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The online luxury consignment site posted revenue of $192.6 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $188 million.
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