Stitch Fix Beats Expectations with Q1 Earnings But Stocks Tumble

All eyes have been on subscription-model e-tailer Stitch Fix since its $120 million IPO last month. Adjusted earnings finished up at 4 cents per share during Q1, beating the 3 cents projected by Wall Street. Despite the increase, those figures dropped 71.4% year-over-year from last year’s 14 cents per share. ...

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