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Stitch Fix (SFIX) shares skyrocket on earnings beat, upbeat outlook

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Katrina Lake, founder and chief executive officer of Stitch Fix Inc.

Patrick T. Fallon | Bloomberg | Getty Images

Stitch Fix shares soared Monday, after the company reported a surprise profit and revenue growth of 10% from a year ago.

Its stock was last up more than 33% in after-hours trading.

For its fiscal first quarter ended Oct. 31, Stitch Fix reported earnings of 9 cents per share on revenue of $490.4 million, topping estimates for a loss of 20 cents per share on revenue of $481.2 million, according to Refinitiv data.

Its base of active clients grew to nearly 3.8 million, up 10.2% from a year ago. Stitch Fix defines active clients as people who have bought an item directly from its…



Source cnbc.com

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