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Post-earnings pop for Blue Apron

Published 11/02/2017, 07:20 AM
© Reuters.  Post-earnings pop for Blue Apron
APRN
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  • Blue Apron (NYSE:APRN) trades higher after topping Q3 revenue estimates with a $211M tally.
  • The company's number of customers fell 6% Y/Y and 9% Q/Q on a strategy to reduce marketing expenses.
  • Marketing expenses fell to 16.3% of revenue vs. 24.2% a year ago.
  • Average revenue per customer jumped $18 to $245 during the quarter. Orders per customers rose to 4.3 from 4.0 a year ago and 4.2 in Q2.
  • Q3 EBITDA came in at -$48M vs. -$45.6M expected.
  • Shares of Blue Apron are up 7.07% premarket to $5.00.
  • Now read: Zagg beats by
  • Now read: Zagg beats by $0.01, beats on revenue
  • .01, beats on revenue

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