Investing.com - Online custom clothing company Stitch Fix rocketed higher midday thanks to solid quarterly results and guidance.
The company reported fiscal second-quarter earnings of 12 cents per share, topping the consensus forecast of 5 cents per share compiled by Investing.com.
Revenue climbed 25% from the year-ago period, to $370.3 million, above expectations of $364.9 million. The number of active users rose to 3 million from 2.9 million in the previous quarter.
Looking ahead, the company predicts fiscal third-quarter revenue of $388 million to $398 million, topping the S&P Capital IQ consensus of $384.4 million.
Stitch Fix had been rallying to start the year before today’s spike. But shares are still well off the 52-week high of more than $52.
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