Why ThredUp Stock Surged Tuesday Morning

Shares of ThredUp (NASDAQ: TDUP) turned sharply higher on Tuesday, surging as much as 21%. The catalyst that sent the online seller of second-hand goods higher was an earnings report that, while mixed, was better than investors had feared. ThredUp generated second-quarter revenue of $76.4 million, up 27% year over year, resulting in gross profit that climbed 19%.