Poshmark Inc POSH shares are trading lower in Tuesday's after-hours session after the company reported financial results and issued guidance below estimates.
Poshmark said fourth-quarter revenue increased 22% year-over-year to $84.2 million, which beat the $80.59 million estimate. The company reported a quarterly earnings loss of 19 cents per share, which was worse than the estimate for a loss of 18 cents per share.
Poshmark expects first-quarter revenue to be in a range of $86 million to $88 million versus the $90.53 million estimate.
Poshmark operates in the e-commerce resale space, connecting more than 30 million users on a platform that sells men's and women's apparel, accessories, shoes and more recently consumer electronics and pet products.
POSH 52-Week Range: $10.65 - $52.39
The stock was down 4.56% in after hours trading at $13.20 at press time.
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