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Stitch Fix Slumps Following Q4 Earnings Beat

Shares of Stitch Fix (SFIX)   reversed course to fall after hours after the retailer topped analysts’ fourth-quarter earnings expectations and reported revenue in line with estimates, but projected lighter-than-expected guidance.

Stitch Fix shares fell $1.68, or 8.4%, to $18.38  in after-hours action. Initially the stock had risen as much as 1.4% in after-hours trading.

For the fourth quarter ended Aug. 3, the San Francisco online personal styling service earned 7 cents a share on revenue of $432 million.

Analysts polled by FactSet were expecting the company to report earnings of 4 cents on revenue of $432 million.

The company touted an 18% increase in active clients to 3.2 million.

But Stitch Fix also issued first-quarter revenue guidance of $438 million to $442 million vs. Wall Street expectations of $451.3 million.

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