Shares of Poshmark (POSH) slipped 7% in Tuesday's extended trade despite its better-than-expected results for the second quarter of 2021. Poshmark is a social marketplace for new and secondhand style for women, men, kids, home, and more. The company reported a loss of $0.04 per share, which was narrower than the loss of $0.07 per share estimated by analysts. Last year, it had reported earnings of $0.61 per share. Quarterly revenue increased 22% year-over-year to $81.8 million and surpassed the Street's expectations of $80.3 million. Gross merchandise value grew 25% year-over-year to $449.6 million.
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Poshmark (NASDAQ:POSH)
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