RTTNews | Sep 23, 2020 09:54AM EDT

09:54 Wednesday, September 23, 2020 (RTTNews.com) - Shares of online personal styling service, Stitch Fix, Inc. (SFIX) are down more than 9% Wednesday morning on wider than expected fourth-quarter loss.

The company reported quarterly net loss of $44.47 million or $0.44 per share compared with earnings of $7.18 million or $0.07 per share. Analysts polled by Thomson Reuters were expecting the company to report loss of $0.16 per share for the quarter.

Quarterly revenue on an adjusted basis, however, rose 11% year over year to $443.4 million.

SFIX is currently trading at $28.31. It has been trading in the range of $10.90- $31.60 in the past one year.

Read the original article on RTTNews ( https://www.rttnews.com/3130917/stock-alert-stitch-fix-slips-on-wider-loss-than-estimates.aspx)

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