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Why The RealReal's Stock Is Rising Today

TheMotleyFool

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Why The RealReal's Stock Is Rising TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png

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

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