Blue Apron reports Q2 loss on lower revenues; stock plunges

Continuing the protracted losing streak, meal-kit company Blue Apron Holdings (APRN) Thursday reported a net loss for the second quarter, when revenues fell sharply and missed estimates as the company’s customer base continued to shrink. Analysts were looking for a slightly wider loss.  The stock dropped nearly 8% in the premarket following the earnings release. … Continue reading Blue Apron reports Q2 loss on lower revenues; stock plunges