RTTNews | Aug 13, 2020 10:15AM EDT

10:15 Thursday, August 13, 2020 (RTTNews.com) - Revolve Group, Inc. (RVLV) shares are rising on Thursday as the company turned to profit in the second quarter.

The shares are currently at $23.21, up 19.08 percent from the prior close of $19.50.

The next-gen fashion retailer for Millennial and Generation Z consumers reported second-quarter earnings of $14.24 million, compared to loss of $28.08 million a year ago. On a per-share basis, earnings were $0.20, compared to $0.57 in the prior year.

Net sales for the quarter declined to $142.78 million from $161.89 million in the previous year.

The company noted that the combination of top-line outperformance, effective cost controls, and outstanding execution from REVOLVE's team in driving operating efficiencies helped in the improved profit.

Read the original article on RTTNews ( https://www.rttnews.com/3121294/stock-alert-revolve-group-shares-up-19-on-swinging-to-profit.aspx)

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