<
News + Analysen
News + Adhoc
Analysen
Kursziele
>
<
Unternehmen
Termine
Profil
>
<
zugeh. Wertpapiere
Strukturierte Produkte
>
18.02.2020 22:54:47

Blue Apron eyes strategic alternatives, cost cuts after missing earnings estimates

Blue Apron Holdings Inc. shares dipped 1% in after-hours trading Tuesday after the ingredient-and-recipe meal kit service reported fourth-quarter earnings that fell short of Wall Street expectations. The struggling company said it is reviewing strategic alternatives and cutting costs, including the planned closure of its Arlington, Texas, facility and consolidation of production volume into its New Jersey and California facilities. Blue Apron reported a loss of $21.9 million, or $1.66 a share, in the quarter, compared with a loss of $23.7 million, or $1.83 a share, in the year-ago fourth quarter. Revenue sank 33% to $94.3 million from $140.7 million a year ago. Analysts surveyed by FactSet had expected a loss of $1.60 a share on sales of $97.7 million. Blue Apron shares have plummeted 80% over the last 12 months. The broader S&P 500 index has gained 21% in the last year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Weiter zum vollständigen Artikel bei "Market Watch"