Shares of Blue Apron Holdings (NYSE: APRN) hurtled toward a 52-week low in pre-market trading on Monday as the company offering fresh meals designed by chefs reported disappointing Q3 results. The company posted revenues of $109.7 million in Q3, falling short of analysts' estimates by $0.24 million and flat year-over-year. Sequentially, revenues were down 11.7% in the third quarter. Blue Apron's third-quarter losses narrowed to $0.74 per share versus a loss of $1.17 in the same period last year. Analysts were expecting a loss of $0.53 per share.
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Blue Apron (NYSE:APRN)
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