Vroom falls in after-hours trading following mixed earnings

Vroom reported mixed earnings, with the company reporting revenue of $405.8M and an adjusted loss per share of 44 cents, compared to Street estimates of $401M in revenue and an estimated adjusted loss per share of 37 cents. Yahoo Finance's Jared Blikre joined Yahoo FInance Live to break down the details.

Video Transcript

JARED BLIKRE: Well, let's move on to Vroom because things are not looking that much better there. Let's get a read on the current stock price. That's down 15% after hours. And it has to do with a very mixed report. So they did manage to beat on revenue for the fourth quarter. That came in at 405.8 million. Estimate was for slightly lower, 401.8 million. But the adjusted loss per share wider than estimates, $0.44, when the Street was estimating $0.37.

And then on their-- excuse me. Then on their forecast, they're seeing adjusted loss per share of $0.61 to $0.68. Estimate loss per share was much lower, $0.37. They did manage to beat on their first quarter forecast.