Why TrueCar's Stock Is Falling Today

Shares of online car-shopping service TrueCar (NASDAQ: TRUE) were moving lower on Friday, after the company reported a first-quarter loss that was worse than Wall Street had expected.

As of 1 p.m. EDT, TrueCar's shares were down about 10.9% from Thursday's closing price.

TrueCar reported its first-quarter results after the market closed on Thursday, and they weren't quite what analysts had expected. A loss of $0.10 per share on revenue of $83.5 million missed Wall Street's average forecasts, as reported by Thomson Reuters, for a loss of $0.02 per share on revenue of $86.44 million. 

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Source Fool.com