SAN FRANCISCO (AP) 鈥� SAN FRANCISCO (AP) 鈥� Stitch Fix Inc. (SFIX) on Wednesday reported a loss of $1.5 million in its fiscal third quarter.
The San Francisco-based company said it had a loss of 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The online clothing styling service posted revenue of $340.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $333.1 million.
For the current quarter ending in July, Stitch Fix said it expects revenue in the range of $322 million to $327 million.
The company expects full-year revenue of $1.35 billion.
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