The RealReal Posts $16 Million Q3 Net Income, Revenue of $206.1 Million Beats Estimates

The RealReal Inc. (REAL) reported net income of $16 million for its third quarter, the San Francisco-based luxury consignment company said Thursday. Earnings came to a net loss of 4 cents per share, or 2 cents per share on an adjusted basis. Revenue totaled $206.1 million, topping the $196.2 million expected by four analysts surveyed by Zacks. For the quarter ending in December, The RealReal forecast revenue of $218 million to $222 million. Full-year revenue is expected in the range of $806 million to $810 million.