PRPL - Purple Innovation Analysts Boost Their Forecasts After Upbeat Q4 Results | Benzinga
Purple Innovation, Inc. (NASDAQ: PRPL) reported upbeat fourth-quarter results on Tuesday.
Purple Innovation posted adjusted loss of 15 cents per share, compared to market expectations for a loss of 18 cents per share. The company’s quarterly sales came in at $145.900 million, beating estimates of $145.565 million, according to data from Benzinga Pro.
"The fourth quarter represented an encouraging finish to 2023 as sales finished within our guidance range and increased year-over-year for the first time in eight quarters," said Chief Executive Officer Rob DeMartini. "Throughout last year we made meaningful progress capturing market share and repositioning Purple as a ...