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Monday, December 10, 2018

Stitch Fix shares surge on earnings beat

Stitch Fix shares surged more than 11 percent Monday after the company reported quarterly earnings and sales after market close that topped analysts' expectations.

The stock was last up a little more than 7 percent, having climbed just 2.9 percent so far this year.

Stitch Fix reported first-quarter earnings of 10 cents per share, adjusted, compared with expectations for 3 cents, based on a poll by Refinitiv.

Sales during the quarter totaled $366 million, better than the $358 million expected by analysts.

This is a developing story. Please check back for updates.

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