RTTNews | Mar 9, 2021 10:04AM EST

10:03 Tuesday, March 9, 2021 (RTTNews.com) - Shares of online personal styling service provider Stitch Fix, Inc. (SFIX) are down more than 25% Tuesday morning at $51.26.

Monday, Stitch Fix reported second quarter results. The company has lowered its outlook citing uncertainty due to Covid-19 situation.

Net loss in the second quarter was $21.04 million or $0.20 per share compared with net income of $11.43 million or $0.11 per share in the same quarter a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report loss of $0.20 per share.

Revenue for the quarter increased 12% year-over-year to $504.1 million.

Looking forward to the third quarter, the company sees revenue in the range of $505 million to $515 million. Analysts see revenue of $521.85 million for the period.

For full year 2021, revenue is expected in the range of $2.02 billion to $2.05 billion. The consensus estimate is for $2.09 billion.

SFIX has been trading in the range of $10.90- $113.76 in the last 52 weeks.

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