Stitch Fix shares whipsaw on earnings beat

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Stitch Fix's active client base grew 18% year over year, reaching 3.2 million people, the company said when it reported earnings after the bell on Tuesday.

David Paul Morris | Bloomberg | Getty Images's active client base grew 18% year over year, reaching 3.2 million people, the company said when it reported earnings after the bell on Tuesday.

Its shares initially tanked as much as 12% in after-hours trading following the release. The stock was recently up about 2.5%. Here's how Stitch Fix did during its fiscal fourth quarter compared with what analysts were expecting, based on data pulled from Refinitiv:"These gains are a testament to the strength of our data science capabilities," CEO Katrina Lake said in a statement.This is a developing story. Please check back for updates.

 

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