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© Reuters.
Investing.com – Custom Clothing Company Online Stitch Fix climbed at noon thanks to solid quarterly results and forecasts.
Shares in Stitch Fix (NASDAQ rose 26%, while the index rose 1.5%.
The company announced a tax profit of 12 cents per share in the second quarter, which exceeds the consensus forecast of 5 cents set by Investing.com.
Revenues increased 25% from the same period last year, reaching $ 370.3 million, exceeding expectations by $ 364.9 million. The number of active users rose from 2.9 million in the third quarter to 3 million.
The Company expects revenue for the fiscal year of $ 388 million to $ 398 million for the third quarter of the fiscal year, exceeding the consensus of S & P Capital IQ by $ 384.4 million.
Stitch Fix had started the year before the peak. But stocks remain well in the record of over $ 52 recorded in 52 weeks.
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