Purple Innovation: Q2 Earnings Snapshot

August 9, 2022 GMT

LEHI, Utah (AP) _ Purple Innovation, Inc. (PRPL) on Tuesday reported a loss of $8.3 million in its second quarter.

The Lehi, Utah-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring gains, came to 11 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The company posted revenue of $144.1 million in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $159.9 million.

Purple Innovation expects full-year revenue in the range of $570 million to $590 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRPL at https://www.zacks.com/ap/PRPL