Comment on Why Stitch Fix Stock Soared 20%

Why Stitch Fix Stock Soared 20%

"Personalized apparel" company Stitch Fix (NASDAQ: SFIX) is seeing its stock soar in response to earnings last night. Stitch Fix reported earnings of $0.09 per share for fiscal Q3 2018, triple the $0.03 that Wall Street had predicted. Sales, likewise, beat expectations -- $316.7 million reported versus $306.5 million expected.Result: As the clock ticks down on the trading week, Stitch Fix stock is up 20.5% as of 1:20 p.m.

 

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