Vroom: Q1 Earnings Snapshot

·1 min read

NEW YORK (AP) _ Vroom, Inc. (VRM) on Wednesday reported a loss of $77.2 million in its first quarter.

On a per-share basis, the New York-based company said it had a loss of 57 cents.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 63 cents per share.

The company posted revenue of $591.1 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $521.2 million.

Vroom expects full-year results to range from a loss of 58 cents per share to a loss of 51 cents per share, with revenue in the range of $618 million to $640 million.

Vroom shares have declined slightly since the beginning of the year. The stock has declined 6% in the last 12 months.

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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 VRM at https://www.zacks.com/ap/VRM

The Associated Press

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