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Beyond Stock Tanks On Worse-Than-Expected Q1 Results
Beyond, Inc. (NYSE:BYON) shares are trading lower Tuesday after the company posted worse-than-expected first-quarter financial results. Here's a look at the key figures from the report.
The Details:
Beyond reported quarterly losses of $1.22 per share which missed the analyst consensus estimate of losses of 87 cents by 40.23%.
Quarterly sales came in at $382.281 million which missed the analyst consensus estimate of $389.264 million by 1.79%.
The company delivered 2.2 million orders in the first quarter, an increase of 27% year-over-year and reported 6 million active customers, an increase of 26% year-over-year.
“2024 has begun with a strong strategic focus on building a portfolio of profitable brands designed to drive high customer affinity and lifetime value,” said Marcus Lemonis, Executive Chairman of the Board. “We are now 120 ...