TrueCar (TRUE) Stock Falls on First Quarter Net Loss

NEW YORK (TheStreet) -- TrueCar (TRUE) shares are down 4.19% to $14.40 in afternoon trading on Friday after the company reported first-quarter earnings after the closing bell yesterday that missed analysts' expectations.

The Santa Monica, CA-based data analytics company reported a first-quarter net loss of $11.6 million, as the company broke even on a per share basis, which analysts were expecting for the period.

Revenue for the period was $58.6 million, also in line with analysts' guidance.

The company issued current quarter revenue guidance between $67 million to $69 million and full-year revenue guidance between $280 million to $290 million.

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