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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — The RealReal Inc. (REAL) on Tuesday reported a loss of $38.6 million in its fourth quarter.
The San Francisco-based company said it had a loss of 39 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 29 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.
The online luxury consignment site posted revenue of $159.7 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $155.4 million.
For the year, the company reported a loss of $196.4 million, or $2.05 per share. Revenue was reported as $603.5 million.
For the current quarter ending in March, The RealReal said it expects revenue in the range of $135 million to $145 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a REAL">Zacks stock report on REAL at https://www.zacks.com/ap/REAL