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https://www.barrons.com/articles/purple-prpl-stock-mattress-makers-earnings-guidance-51636549965

Purple Innovation shares were falling steeply on Wednesday after the mattress company substantially missed sales and earnings expectations and issued disappointing guidance.

The company reported an adjusted third-quarter loss of 7 cents a share, well below analysts’ estimates that called for earnings of 15 cents. Sales fell 8.7% to $170.8 million vs. $187.11 in the year-earlier period. Analysts expected sales of $198.3 million.

Purple Innovation shares were falling steeply on Wednesday after the mattress company substantially missed sales and earnings expectations and issued disappointing guidance.

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