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Stitch Fix Fiscal Q3 Loss Narrows, Revenue Falls; Shares Rise After-Hours
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Stitch Fix Fiscal Q3 Loss Narrows, Revenue Falls; Shares Rise After-Hours
Jun 4, 2024 2:12 PM

04:54 PM EDT, 06/04/2024 (MT Newswires) -- Stitch Fix ( SFIX ) reported a fiscal Q3 net loss late Tuesday of $0.18 per diluted share, narrower than a loss of $0.19 per share a year earlier.

Analysts polled by Capital IQ expected a loss of $0.24 per share.

Revenue for the quarter ended April 27 was $322.7 million, down from $383.4 million a year ago.

Analysts expected $306.2 million.

The company expects fiscal Q4 revenue of $312 million to $322 million. Analysts polled by Capital IQ are expecting $306.5 million. For 2024, Stitch Fix ( SFIX ) expects revenue of $1.33 billion to $1.34 billion. Analysts surveyed by Capital IQ expect $1.31 billion.

Shares were up more than 20% in after-hours activity.

Price: 3.3700, Change: +0.70, Percent Change: +26.22

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