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Blue Apron posts bigger-than-expected loss in first qtr since debut


(Reuters) - Blue Apron Holdings Inc on Thursday reported a bigger-than-expected loss in its first quarterly report as a public company, as the meal-kit delivery service spent heavily on hiring and on building its delivery infrastructure.The company reported a net loss of $31.6 million in the second quarter ended June 30, compared with a net income of $5.5 million a year earlier.On a per-share basis, Blue Apron posted a loss of 47 cents, bigger than the 30-cent loss analysts on average had expected, according to Thomson Reuters I/B/E/S.Revenue climbed nearly 18 pct to $238.1 million, edging ...

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First Published: Thu, August 10 2017. 17:25 IST