Investing.com - Blue Apron reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Blue Apron announced earnings per share of $-0.740 on revenue of $109.67M. Analysts polled by Investing.com anticipated EPS of $-0.483 on revenue of $129.52M.
Blue Apron shares are down 28% from the beginning of the year , still down 85.85% from its 52 week high of $12.76 set on Tuesday, December 7, 2021.
Blue Apron shares lost 12.80% in intra-day trade the report.
Blue Apron follows other major Consumer Staples sector earnings this month
Blue Apron's report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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