REDWOOD CITY, Calif. (AP) _ Poshmark Inc. (POSH) on Thursday reported a loss of $14 million in its first quarter.
The Redwood City, California-based company said it had a loss of 18 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The online marketplace for second-hand goods posted revenue of $90.9 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $87.5 million.
For the current quarter ending in July, Poshmark said it expects revenue in the range of $86 million to $88 million.