Stitch Fix (SFIX) shares slide in Monday's after-hours trading session after missing fiscal second-quarter revenue estimates and reporting wider-than-expected losses per share.
ThredUp (TDUP) stock dips on mixed fourth-quarter earnings results.
GitLab (GTLB) dives in extended hours despite topping fourth-quarter earnings estimates on the top and bottom lines.
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Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
JULIE HYMAN: Stitch Fix shares sliding after reported earnings after the close that missed expectations. It also cut its revenue forecast. The clothing company sees full year revenue of up to $1.3 billion. The Street had estimated $1.35 billion.
Shares of ThredUP, meantime, we're watching those as well. They reported revenue for the fourth quarter that beat analyst estimates down 6% though. The secondhand retailer reported a total revenue of $81.4, that is a 14% increase year-over-year. In its year-end presentation, the company predicted more financial success to come, saying they see the global secondhand market to nearly double by 2027 worth $350 billion.
And finally, Open source software company, GitLab, is plunging after its full year guidance for adjusted earnings per share and revenue fell short of analysts' expectations. That weak outlook coming after the company beat on the top and bottom line on the fourth quarter-- in the fourth quarter on the back of surging demand. The stock's performance year to date outpaced the broader market gains boosted by the artificial intelligence rally.
