3 Reasons Stitch Fix Could Keep Surging Higher

3 Reasons Stitch Fix Could Keep Surging Higher
·4 min read

The stock had fallen by nearly 50% since it popped on its last earnings report even though there was no major news out on the stock since then. The stock jumped double-digits after hours as the online styling service posted 29% revenue growth to $571.2 million, easily beating both the analyst consensus at $547.9 million and the company's own guidance at $540 million-$550 million. On the bottom line, the company posted a generally accepted accounting principles (GAAP) profit of $0.19 per share, which crushed estimates calling for a loss of $0.13.

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