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BRC Slips 4% On Q1 Loss

Shares of coffee company BRC Inc. (BRCC) are down 4 percent on Thursday's trading after the company reported loss in the first quarter.

The company posted net loss of $62.9 million, compared to net income of $149 million a year ago. On a per share basis, net loss was $1.36. On average, 9 analysts polled by Thomson Reuters expected loss of $0.03 per share in the quarter.

Quarterly revenues, however, rose 35 percent to $65.8 million from $48.8 million last year.

Currently at $10.09, the stock has traded between $8.81 and $34.00 during the past 52 weeks.

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