This post was originally published on this site
RealReal Inc. shares rose more than 3% in the extended session Monday after the retailer reported a 55% jump in its third-quarter sales.
RealReal REAL, -5.23%, an e-commerce seller of secondhand luxury goods, said it lost $25.3 million, or 30 cents a share, in the quarter, compared with a loss of $25.1 million, or $3 cents a share, in the year-ago period. Adjusted for one-time items, the company lost 27 cents.
Revenue rose 55% to $80.5 million, from $51.8 million a year ago, the company said.
Analysts polled by FactSet had expected a GAAP loss of 33 cents a share on sales of $75.9 million.
RealReal stock began trading on June 28. The shares jumped after the company’s first post-IPO earnings in August.
The shares have lost 14% in the last three months, versus gains of 5.1% and 3.7% for the S&P 500 index SPX, +0.37% and the Dow Jones Industrial Average. DJIA, +0.42%
