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Shares for Blue Apron Hit All-Time Low

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As of Tuesday, shares for ingredient-and-recipe meal kit service Blue Apron are down 13.66% at $3.35 a share, a new all-time low. While the company did beat Wall Street expectations in third-quarter earnings by reporting $210.6 million of revenue, it still saw a bigger than expected loss per share of $0.47. Its largest competitor, Hello Fresh, who went public last week in Germany, also reported revenue growth in its most recent quarter, and a net loss smaller than Blue Apron's this week.

Added on the 07/11/2017 11:26:48 - Copyright : Wochit

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