By Yasin Ebrahim
Investing.com - Stitch Fix fell sharply in after-hours trade Monday after the retailer's guidance fell short of estimates.
Stitch Fix (NASDAQ:SFIX) fell 36%.
The company reported fiscal second-quarter earnings per share of $0.11 beating Wall Street estimates of $0.07, but revenue of $451.8 million fell short of estimates of $452.59 million.
Stitch Fix's active client list rose 17% to 3.5 million. Net revenue per active client was up 8% to $501.
Looking ahead, Stitch Fix guided fiscal third-quarter revenue within a range of $465 million to $475 million, well below consensus estimates of $506 million.