FILE PHOTO: A screen displays the company logo for Poshmark Inc. during the company's IPO at the Nasdaq Market Site in Times Square in New York City, U.S., January 14, 2021. REUTERS/Brendan McDermid
CALIFORNIA: Poshmark Inc executives said the company’s projections for revenue and a measure of earnings for the fourth quarter came in lower than what many analysts expected because of higher investment in marketing and some disruptions with holiday shipping.
The resale platform said it expects fourth-quarter revenue between US$80mil (RM332mil) to US$82mil (RM340mil).
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