Purple Innovation: Q3 Earnings Snapshot

JENNIFER McDERMOTT and MATTHEW DALY

November 09, 2023

LEHI, Utah (AP) -- LEHI, Utah (AP) -- Purple Innovation, Inc. (PRPL) on Thursday reported a loss of $36 million in its third quarter.

On a per-share basis, the Lehi, Utah-based company said it had a loss of 34 cents. Losses, adjusted for non-recurring costs, came to 18 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The company posted revenue of $140 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $160.4 million.

Purple Innovation expects full-year revenue in the range of $510 million to $520 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRPL at https://www.zacks.com/ap/PRPL

Recommended

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Elon's Greatest Invention... Hidden in South Memphis? - Ad

In a stark contrast to Elon Musk's $364 billion fortune, his first wife Justine Wilson Musk is worth just $15 million.

Revolutionary $20,000 Electric Truck Hits the Market, Stripping Down to the Basics

Michigan-based Slate Auto is preparing to shake up the EV market with the introduction of its minimalist, highly affordable electric truck, the Slate Truck, which is priced under just $20,000.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs!

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Palantir Smokes S&P 500 Peers With 393% Rally But Overheated Technicals Raise Red Flag Ahead Of Earnings

Palantir Technologies Inc (PLTR) reports Q1 earnings on Monday, with Wall Street expecting 13 cents EPS and $862.83 million in revenues. Stock up 392.98% in past year, 65.29% YTD. Technicals show bullish trend but RSI suggests potential pullback. Analysts see 37% downside with consensus rating of Neutral and price target of $69.76.

US Treasury secretary says trade war with China is not 'sustainable'

WASHINGTON (AP) — U.S. Treasury Secretary said in a Tuesday speech that the ongoing against China is unsustainable and expects a "de-escalation" in the trade war between the world's two largest economies.

The Most Important "AI Stock" You've Never Heard Of

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

Bill Gates Says 'Luckily' His Daughter Phoebe Gates Never Asked Him To Back Her Business

Bill Gates is glad his daughter Phoebe never asked him to back her business, as it could have complicated their relationship.

Trump administration reverses long-held guidance on 'road diets' for traffic safety

A stylist was just starting her shift at a salon in Kansas City, Missouri, when a car smashed through the storefront window and landed in the waiting area a few feet away.

He Called Bitcoin to $100k... Now He Says This Coin Is Next

He Called Bitcoin to $100k... Now He Says This Coin Is Next - Ad

Juan Villaverde may be America's top crypto expert. According to Juan's timing model, we are entering what could be the biggest bull market in crypto's history. With America's first crypto president in office, it could be the biggest gains the market has ever seen. And one special coin could skyrocket.

Midwest carbon dioxide pipeline could face new hurdle as some Iowa lawmakers question eminent domain

DES MOINES, Iowa (AP) — A proposed pipeline that would traverse through several Midwestern states could face more hurdles in Iowa as a dozen Republican state senators try to force the issue to a vote.

Trump Says 'I Run The Country And The World,' Yet Polls Plummet

The Atlantic published an in-depth interview with President Donald Trump on Monday, marking the first 100 days of his second term in the White House.

Elon Musk Drops Stunning Bombshell?

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Financial Crime Weekly: Man Charged With Operating $198 Million Crypto Ponzi Scheme

The Securities and Exchange Commission filed charges on Tuesday against Ramil Palafox, accusing him of running a fraudulent investment scheme that collected nearly $198 million from Bitcoin (CRYPTO: BTC) and foreign exchange inve

Waiting for a shoe to drop in the US jobs market

WASHINGTON (AP) — Trouble may be coming for the American job market as President Donald Trump wages , and deports immigrants working in the United States illegally. But it’s probably not here yet.

Do This Before Potential Tariff Announcement on May 15th

Do This Before Potential Tariff Announcement on May 15th - Ad

While the market whipsaws on every Trump tariff headline, Larry Benedict's readers have had the chance to quietly bank gains as high as 100%-sometimes in a single day. His 3-green-arrow system spots massive swings before they happen. The next setup hits May 15.

Trump keeps contradicting himself on tariffs, making a fragile world economy nervous

WASHINGTON (AP) — President Donald Trump can't stop contradicting himself on .

Takeaways from AP's report on how Trump's immigration crackdown resonates in the Texas Panhandle

PANHANDLE, Texas (AP) — After his inauguration, President Donald Trump issued a series of ending for immigrants to live and work in the U.S.

Nvidia Is About to Shock the World: July 23rd

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Lilly star weight-loss drug Zepbound faces coverage challenge from CVS Health

Eli Lilly's stock wobbled Thursday after a looming coverage hit was detailed for its .

Trump Change Of Heart Or Musk Influence? President Once Said He'd Keep Autonomous Vehicles 'From Operating On American Roads'

President Donald Trump may have had a change of heart about self-driving vehicles.

You Can Take a Stake in Elon's xAI Before June 1st...

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Elon Musk Reacts After Ray Dalio Warns Of US Decline, US Retailers Push Chinese Suppliers To Resume Shipments And More: This Week In Economics

The weekend saw major developments, including Elon Musk's response to Ray Dalio's warning about U.S. decline, U.S. retailers pushing for resumed Chinese shipments, Musk's mixed feelings about his first 100 days, and the Nasdaq's impressive recovery.

Brag, Burn, Learn: ZJK Industrial's Costly Nvidia Lesson

After briefly flirting with global fame and the volatility that accompanied it, this firm seems to have learned its lesson.

This Coin Could Surge Like Bitcoin Did Back in 2013...

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

Tens of thousands of Los Angeles County workers begin 2-day strike

LOS ANGELES (AP) — More than 50,000 Los Angeles county workers began a two-day strike Monday evening, closing libraries and disrupting administrative operations across the nation's most populous county.

Trump Boots Mike Waltz As National Security Adviser, Taps Marco Rubio As Interim Replacement

Trump ousts national security adviser Mike Waltz amid internal tensions and a messaging scandal, naming him UN ambassador and replacing him temporarily with Secretary of State Marco Rubio.

What's Better Than Drinking Award-Winning Beer?

What's Better Than Drinking Award-Winning Beer? - Ad

Owning stock in the brewery that makes it. That's Westbound & Down's story. They blend gold-medal beer with elite dining, creating a brand customers seek. No wonder they're Colorado's most-awarded brewery and are retail partners with Whole Foods. And 1,835% distribution growth's just the start.

Trump Demands Free Passage For US Ships Through Panama And Suez Canals, Assigns Marco Rubio To 'Take Care' Of The Situation

Trump demands free US access through Panama and Suez canals, but Panamanian President denies any agreement. Experts advise a lighter touch approach.

Kentucky Derby 2025: How To Watch, Betting Odds, And Horses Backed By Dutch Bros Founder, John Malone, George Soros

A look at the betting odds for the 2025 Kentucky Derby and some of the famous horse owners hoping to win.

50 Major Companies That Will Likely Fail to Survive Trump's MAGA Economy

50 Major Companies That Will Likely Fail to Survive Trump's MAGA Economy - Ad

50 major companies that will likely fail to survive Trump's MAGA economy. Many have 5-star ratings. Most are "buys" per Wall Street. But they're dead companies.

Asia And Europe Markets Mixed, Gold Dips On Trade Truce Hope - Global Markets Today While US Slept

US markets closed mixed on Monday, with tech earnings and trade negotiations causing caution. Data showed TX manufacturing weakening. Asian markets mostly up.

Tesla Stock Skyrockets 20% Following Elon Musk's Return and Shift From DOGE

Tesla shares have experienced a 20% surge following the announcement of CEO Elon Musk's return to the company.

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

One blockchain token sits at the heart of Washington's pro-crypto agenda. Institutions are loading up while it still trades at a discount. Here's how to get in for $3.

UN official urges Israel to lift aid blockade of Gaza and calls it 'cruel collective punishment'

JERUSALEM (AP) — The United Nations’ emergency relief coordinator urged Israel on Thursday to lift its blockade of aid into the Gaza Strip, saying the amounts to “cruel collective punishment.”

InterDigital Reports Q1 Earnings: The Details

InterDigital Inc (NASDAQ:IDCC) reported financial results for the first quarter before the market open on Thursday. Here's a look at the key metrics from the quarter.

"Partner" With Elon Musk on Project Colossus... Before June 1st

"Partner" With Elon Musk on Project Colossus... Before June 1st - Ad

Even though xAI is a private company, tech legend and angel investor Jeff Brown found a way for everyday folks like you... To partner with Elon on what he believes will be the biggest AI project of the century... Starting with as little as $500.

China's Chip Breakthrough Without ASML Makes Chamath Palihapitiya Take Stock Of Beijing's 'Formidable' Nature: 'America Can Win If…'

Former Intel executive William Huo highlights China's breakthrough in producing 5nm chips without EUV technology, sparking concerns from Chamath Palihapitiya that the U.S. risks losing its technological edge to China without urgent innovation.

Apple Braces For $900 Million Tariff Impact, Tim Cook Discusses Potential iPhone Manufacturing Shift To US With Lutnick And More: This Week In Appleverse

The week was a whirlwind for Apple Inc. (NASDAQ: AAPL), with a series of news stories that painted a mixed picture for the tech giant. From tariff impacts to potential manufacturing shifts, easing App Store rules, and AI-enabled iPhone sales, the company made headlines on multiple fronts.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Thousands of chickens euthanized in South Africa after they were left starving and eating each other

CAPE TOWN, South Africa (AP) — Animal welfare officers faced the grisly task of euthanizing more than 350,000 chickens by hand after they were left starving and cannibalizing each other when a South African state-owned poultry company ran out of money to feed them, officials said Tuesday.