* RealReal Inc (NASDAQ: REAL) shares are up 10% after reporting a second-quarter earnings loss of 28
cents per share. Sales came in at $71 million, up from $47 million year-over-year.
In 2018, net income totaled $775 million, or 85
cents per share. That's down from $813 million, or 90
cents per share, in 2017.
In addition, the Board of Directors has declared a regular quarterly cash dividend on its common stock of 15
cents per share to be paid on October 3, 2018 to stockholders of record at the close of business on September 19, 2018.
"These credits accounted for a decrease in the quarter of $109 million, or 61
cents per share."
Excluding charges of $30.1 million, or 63
cents per share after tax, Fred's had a net loss of 15
cents per share for the quarter.
HP's earnings from continuing operations fell to $660 million, or 38
cents per share, in the second quarter, from $733 million, or 40
cents per share, a year earlier.
For the year, the company reported profit of $18.5 million, or 11
cents per share. Revenue was reported as $330.5 million.
The company also announced a regular cash dividend of 10
cents per share and an additional special cash dividend of 5
cents per share Wednesday.
Excluding stock option expenses and amortisation costs, earnings came to 51
cents per share in the latest quarter, up from 38
cents per share a year ago.
Adjusted for non-recurring gains, chiefly from the sale of spectrum licenses to T-Mobile US, earnings were 91
cents per share. That just edged out the 90
cents per share that analysts were expecting, according to a survey by Zacks Investment Research.
The company also forecast third-quarter earnings of 86 cents to 90
cents per share, versus a Wall Street estimate of 89
cents per share.