Evine Live reports second-quarter loss, misses expectations

MarketsAssociated Press

Evine Live Inc. (EVLV) on Wednesday reported a loss of $3 million in its fiscal second quarter.

On a per-share basis, the Minneapolis-based company said it had a loss of 5 cents.

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The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The home shopping company posted revenue of $161.1 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $156.6 million.

The company's shares closed at $1.96. A year ago, they were trading at $4.48.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVLV at http://www.zacks.com/ap/EVLV

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Keywords: Evine, Earnings Report