Why The RealReal's Stock Is Rising Today
Shares of The RealReal (NASDAQ: REAL) were higher on Thursday after the luxury-fashion consignment specialist reported a loss for the first quarter that was less than Wall Street had expected and said that its sales remained strong.
As of 2:30 p.m. EDT today, shares were trading up about 8.3% from Wednesday's closing price.
The RealReal reported its first-quarter results after the market closed on Wednesday, and they weren't bad. Its adjusted net loss of $0.39 per share beat Wall Street's $0.42 per-share loss estimate, even though its revenue ($78.2 million) was a bit less than analysts had forecast.
Source Fool.com
