Stitch Fix Stock Surges as Revenue Tops Estimates, Losses Narrow
1. Stitch Fix beat second-quarter revenue estimates despite a 5% decline. 2. Loss per share decreased to 5 cents, better than expected. 3. Company forecasts $311-$316 million revenue for Q3, above estimates. 4. CEO noted positive customer response to new product offerings. 5. Shares surged 14%, showing 77% growth over the past year.