HyreCar Inc: Jumps after reporting smaller-than-expected Q2 loss

HC Liquidating

14/08/2019 23:20

** Shares of the car-sharing marketplace  HYRE.O  up ~15% at
$3.10 in extended trading 
    ** Stock jumps after co reports narrower-than-expected loss
in Q2, citing two new subscription tiers launched during the
quarter
    ** HYRE reports adjusted loss of $0.11 per share, while
analysts were expecting $0.13 per share
    ** Reports in-line revenue of $3.8 mln, according to IBES
data from Refinitiv
    ** 5 of 5 brokerages rate the stock "buy" or higher; their
median PT is $9
    ** Up to Wednesday's close, stock gained ~12% YTD

 (Reporting by Ayanti Bera in Bengaluru)
 ((Ayanti.Bera@thomsonreuters.com; within U.S.+1 646 223 8780,
outside U.S. +91 80 6749 0341;))