Blue Apron is soaring after saying it will ‘reaffirm confidence in achieving profitability’ on an adjusted basis (APRN)
|01/15/2019||Posted by BusinessMediaguide.Com under General World News||
- Blue Apron said Tuesday it plans to reaffirm confidence in turning a profit in both the first quarter and fiscal year 2019 when it reports Q4 results later this month.
- The meal-kit maker has had difficulty retaining customers in the past.
- Blue Apron shares were up more than 38% Tuesday.
- Watch Blue Apron trade live.
Blue Apron was surging Tuesday morning, up more than 38% to $1.44 a share after the company said it plans to reaffirm confidence in achieving profitability next year when it releases its fourth-quarter and full-year results later this month.
“Based on its current view of the business, read more >>>