FX.co ★ RumbleOn Posts Narrower Loss From Cont. Ops. In Q1

RumbleOn, Inc. (RMBL) reported a first quarter loss from continuing operations amounting to $10.3 million, considerably less than last year's loss of $16.7 million. The loss per share from ongoing operations was 29 cents per share, down from $1.03. The average projection made by three Thomson Reuters analysts was a quarterly loss of 33 cents per share, though commonly, these estimates do not account for unusual items.

The total revenue diminished to $307.8 million from $334.4 million the previous year. Similarly, the total unit sales reduced by 3.7% to 16,585 units. Analysts had initially projected revenue at approximately $329.72 million.