Stitch Fix stock soared after the online-focused apparel firm reported a surprise quarterly profit.
The firm, which uses human stylists and artificial intelligence to match customers with compatible outfits, reported fiscal fourth-quarter earnings Tuesday of 19 cents a share. Analysts had penciled in a net loss of 12 cents a share, according to FactSet. Sales of $571.2 million crushed estimates at $547.8 million.
Stitch Fix stock (ticker: SFIX) jumped 12% to $39.77 in premarket trading Wednesday. Shares closed down 2.5% to $35.46 in regular trading....More>>>