Blue Apron's stock was up 8.45% in early Tuesday trading after it reporting better-than-expected earnings.
The company did not lose as much in revenue and earnings as expected, particularly after it switched distribution hubs in a costly move that forced the company to cut its marketing budget.
It was still trading below its IPO price of $10 to $11 per share.
Watch Blue Apron's shares move in real time here.
Shares of Blue Apron spiked 8.45% to $3.63 per share in early Tuesday...
Blue Apron beat on the top and bottom lines.
The meal-kit subscription service had 746,000 customers in the fourth quarter, down from 856,000 in the prior quarter.
(Reuters) - Blue Apron Holdings Inc reported a smaller-than-expected revenue drop and quarterly loss on Tuesday after a costly distribution hub switch forced it to slash marketing.
The meal-kit subscription service had 746,000 customers in the fourth quarter through Dec. 31, compared to 856,000 in the prior quarter and...
NEW YORK (AP) - Despite losing a big chunk of customers last year, shares in Blue Apron rose after the company reported slimmer losses than Wall Street had...