Poshmark Shares Down 7% Following Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/POSH'>Poshmark, Inc. (NASDAQ:POSH) </a>shares were trading more than 7% lower pre-market following the company’s reported Q4 results, with EPS coming in at ($0.19), compared to the Street estimate of ($0.18).</p>
<p>Quarterly revenue increased 22% year-over-year to $84.2 million, beating the Street estimate of $80.59 million. Gross Merchandise Value rose 26.8% year-over-year to $490.8 million.</p>
<p>Despite better-than-expected Q4 revenue, the company provided weaker Q1 guidance and no full-year forecast. For Q1, the company anticipates the revenue to range from $86 million to $88 million, below the Street estimate of $90.5 million.</p>

NASDAQ:POSH