Blue Apron Shows Faint Hints of a Recovery
Blue Apron (NYSE: APRN) recently posted its third-quarter earnings, and the numbers initially looked dire. The meal-kit maker's revenue fell 34% annually to $99.5 million, missing estimates by $7.4 million. Its net loss narrowed from $33.9 million to $26.2 million, or $1.99 per share -- but still missed expectations by a penny.
Those headline numbers justified a big post-earnings plunge, yet Blue Apron's stock rallied as investors spotted a few flickers of life. Let's see if these newfound strengths actually outweigh its ongoing weaknesses.
Image source: Blue Apron.
Source Fool.com
