Stock Down 13% in Post-Market Trading

  • RealReal shares drop after cutting full-year outlook
  • Lowered revenue and gross merchandise volume forecast for Q3
  • Stock down 13% in post-market trading
  • Revenue guidance reduced to $580-$595m from $549.3m last year

Shares of luxury reseller RealReal dropped following the company’s announcement of a reduced full-year outlook, with lower revenue and gross merchandise volume expectations for Q3. The stock fell by 13% to $2.70 in post-market trading. Over the past three months, shares have declined by 18%, but are still up 54% since the start of the year. RealReal now predicts total revenue between $580-$595m for 2024, down from $549.3m in the previous year. The company had previously anticipated revenue of $580-$605m. The lowered outlook is due to a revised gross merchandise volume forecast of $1.79-$1.82bn, down from $1.80-$1.88bn earlier. Q3 revenue expectations now stand at $135-$142m, below analysts’ predictions of $144.1m.

Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about the company’s financial performance and outlook, with no signs of sensationalism or personal opinions. It reports on the company’s lowered revenue forecast, stock price changes, and analyst expectations, all based on factual data.
Noise Level: 7
Noise Justification: The article provides relevant information about a company’s financial performance and stock market reaction but lacks in-depth analysis or contextualization of the reasons behind the drop in shares and revenue. It also does not offer any actionable insights or solutions for investors.
Public Companies: RealReal (REAL)
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: Shares of RealReal
Financial Rating Justification: The article discusses the drop in shares of RealReal’s stock and its impact on the company’s financial outlook, which directly pertains to financial topics and affects the company’s performance in financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Move Size: The market move size mentioned in this article is 13%.

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