TrueCar Earnings: Loss Narrows Again as Improvements Take Hold

TrueCar Earnings: Loss Narrows Again as Improvements Take Hold

Online car-shopping service TrueCar (NASDAQ: TRUE) reported on Aug. 8 that it lost $8.1 million in the second quarter of 2017, or $0.09 per share, an improvement over the $14.7 million loss that it posted in the second quarter of 2016.

Adjusted for stock option expenses and one-time items, TrueCar's net income in the second quarter was $1.1 million, or $0.01 per share. That compares with a loss on the same basis of $4.1 million, or $0.05 per share, in the second quarter of 2016.

Image source: TrueCar.

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Source: Fool.com