SAN FRANCISCO (AP) — The RealReal Inc. (REAL) on Tuesday reported a loss of $26.9 million in its second quarter.
The San Francisco-based company said it had a loss of $2.83 per share. Losses, adjusted for non-recurring costs and stock option expense, came to 28 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The online luxury consignment site posted revenue of $71 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $70.2 million.