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ACV Auctions Q2 Loss Widens, Revenue Rises; Shares Fall After Hours
ACV Auctions (ACVA) reported a Q2 loss late Monday of $0.05 per diluted share, widening from the loss of $0.04 a year earlier.Analysts polled by FactSet expected a loss of $0.07.Revenue in the three months ended June 30 rose to $213.9 million from $193.7 million a year earlier.Analysts projected $214.9 million.The company expects Q3 revenue of $219 million to $225 million. Analysts project $223.8 million.ACV reaffirmed full-year revenue guidance of $845 million to $855 million. Analysts project $851.1 million.The company's shares fell 13% in after-hours trading.
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