Poshmark: Q2 Earnings Snapshot

August 11, 2022 GMT

REDWOOD CITY, Calif. (AP) _ Poshmark Inc. (POSH) on Thursday reported a loss of $22.9 million in its second quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of 29 cents.

The results missed Wall Street expectations. The average estimate of six 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 $89.1 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $87.7 million.

For the current quarter ending in October, Poshmark said it expects revenue in the range of $85 million to $87 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 POSH at https://www.zacks.com/ap/POSH