— Stitch Fix shares rallied more than 34% on the back of better-than-expected results for the first quarter. The personal styling company reported a profit of 9 cents per share on revenue of $490.4 million. Analysts polled by Refinitiv expected a loss of 20 cents per share on revenue $481.2 million.
Stitch Fix also issued better-than-expected revenue guidance for its fiscal second quarter.— The software company reported a profit of 18 cents per share for the third quarter on revenue of $133 million, sending its stock up 4%. Analysts expected earnings per share of 3 cents on revenue of $124 million. The company also issued strong revenue guidance for the fourth quarter.
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