Poshmark Says Results to Be Hurt by Marketing Costs, Shipping

Poshmark Inc. executives said the company’s projections for revenue and a measure of earnings for the fourth quarter came in lower than what many analysts expected because of higher investment in marketing and some disruptions with holiday shipping.

The resale platform said on Tuesday that it expects fourth-quarter revenue between $80 million to $82 million. That’s below analysts’ estimate of $85.3 million, according to a Bloomberg survey. The company also said it expected an adjusted earnings loss when excluding some items, a gauge known as Ebitda, in the period. Analysts had anticipated a profit.