Stitch Fix: Fiscal 3Q Earnings Snapshot
SAN FRANCISCO (AP) _ Stitch Fix Inc. (SFIX) on Wednesday reported fiscal third-quarter net income of $7 million.
The San Francisco-based company said it had profit of 7 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The online clothing styling service posted revenue of $408.9 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $394.6 million.
Stitch Fix shares have climbed 38% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.62, an increase of 23% in the last 12 months.