Stitch Fix Remains Sharply Lower In Late-Day Trading

(RTTNews) - Shares of Stitch Fix Inc. (SFIX) continue to see substantial weakness in late-day trading on Tuesday after moving sharply lower early in the session. After hitting a six-month intraday low, Stitch Fix is currently down by 22.4 percent.

The sell-off by Stitch Fix comes after the personal styling service reported fiscal first quarter results that beat estimates but said it expects active subscribers to be roughly flat in the second quarter.

Stitch Fix reported first quarter earnings of $0.10 per share on revenues of $366.2 million, while analysts had expected earnings of $0.03 per share on revenues of $357.8 million.