Inactive Instrument

Poshmark, Inc.

POSH

US73739W1045

Poshmark: Q2 Earnings Snapshot

August 11, 2022 at 04:08 pm EDT

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.

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

Latest news about Poshmark, Inc.

Naver Acquires Poshmark for $1.2 Billion	23-01-09	MT
Poshmark, Inc. Announces Cessation of Directors	23-01-05	CI
Poshmark, Inc.(NasdaqGS:POSH) dropped from NASDAQ Composite Index	23-01-05	CI
Poshmark, Inc.(NasdaqGS:POSH) dropped from S&P Retail Select Industry Index	23-01-05	CI
Poshmark, Inc.(NasdaqGS:POSH) dropped from S&P Global BMI Index	23-01-05	CI
Poshmark, Inc.(NasdaqGS:POSH) dropped from S&P TMI Index	23-01-05	CI
NAVER Corporation completed the acquisition of Poshmark, Inc. from GGV Capital V Entrepreneurs Fund L.P., GGV Capital V L.P. managed by GGV Capital, LLC, Mayfield XIII, L.P., Mayfield Select managed by Mayfield Fund, LLC and others.	23-01-04	CI
Poshmark Q3 Net Loss Widens, Revenue Increases	22-11-10	MT
Earnings Flash (POSH) POSHMARK Posts Q3 Revenue $88.4M	22-11-10	MT
Poshmark, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-10	CI
Trending : Naver Misses Profit Expectations on Sluggish Ad Sales, Higher Costs	22-11-06	DJ
Naver Third-Quarter Profit Fell 28% on Year, Missing Consensus	22-11-06	DJ
Barclays Downgrades Poshmark to Equalweight From Overweight, Adjusts Price Target to $18 From $17	22-10-05	MT
Versalink Expects Return to Black in Fiscal H1 as Full Production Resumes	22-10-05	MT
Sector Update: Consumer Discretionary Stocks Surging in Afternoon Trading	22-10-04	MT
Poshmark Agrees to be Acquired by South Korea's Naver in $1.2 Billion Deal; Wedbush Says Takeover Unlikely to Attract Higher Bids	22-10-04	MT
Sector Update: Consumer Discretionary Stocks Surging in Afternoon Trading	22-10-04	MT
A new narrative	22-10-04
Sector Update: Consumer Stocks Edge Higher Premarket Tuesday	22-10-04	MT
Sector Update: Consumer	22-10-04	MT
ETF Preview: ETFs, Futures Surge Pre-Bell Ahead of Job Openings, Factory Orders Report	22-10-04	MT
US Equity Futures Jump Higher as Stocks Continue October Gains; Europe, Asia Advance	22-10-04	MT
Poshmark Agrees to be Acquired by South Korea's Naver in $1.2 Billion Deal; Wedbush Says Takeover Unlikely to Attract Higher Bids	22-10-04	MT
Poshmark Set to Be Acquired for 'Well Below' IPO Price in Takeover Deal With South Korea's Naver	22-10-04	MT
Wedbush Downgrades Poshmark to Neutral From Outperform on Naver Deal, Adjusts Price Target to $17.50 From $14	22-10-04	MT

Poshmark, Inc. is a social marketplace for new and secondhand style for women, men, kids, pets, home and more, which combines the human connection of a physical shopping experience with the scale, reach, ease, and selection benefits of e-commerce. The Company curates its marketplace into lifestyle categories, including apparel, accessories, footwear, home, beauty, and pets. Its social features make the discovery and purchase process simple and enticing for buyers, fostering high engagement and retention. It enables buyers to discover, connect, and curate their network and news feed with that of other users who share similar styles and personal preferences, creating a fun shopping experience. The Company's application includes various social features, including share, like, follow, comment, offer and posh parties. Its seller services include storefront services, social marketing services, logistics and payment services, customer support services, and heart and hustle community fund.

Sector

Internet Services

More about the company

Sector E-commerce & Auction Services

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