FMP
Mar 23, 2022(Last modified: Dec 19, 2023)
Poshmark, Inc. (NASDAQ:POSH) shares were trading more than 7% lower pre-market following the company’s reported Q4 results, with EPS coming in at ($0.19), compared to the Street estimate of ($0.18).
Quarterly revenue increased 22% year-over-year to $84.2 million, beating the Street estimate of $80.59 million. Gross Merchandise Value rose 26.8% year-over-year to $490.8 million.
Despite better-than-expected Q4 revenue, the company provided weaker Q1 guidance and no full-year forecast. For Q1, the company anticipates the revenue to range from $86 million to $88 million, below the Street estimate of $90.5 million.
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