RTTNews | Aug 5, 2021 10:30AM EDT

10:29 Thursday, August 5, 2021 (RTTNews.com) - Revolve Group Inc (RVLV) is trading 20% lower on the Street despite posting a better-than-expected net income. Both revenue and earnings have trumped analyst estimates.

During the past one year, the stock has been trending up and increased more than 330%.

The net income for the company was $31.53 million or $0.42 earnings per share, as opposed to $14.23 million or $0.20 earnings per share in the last year. Seventeen analysts polled by Thomson Reuters estimated the earnings to be $0.21 per share.

The revenue also went up to $228.61 million from $142.78 million last year, chiefly due to an increase of revenue in the Revolve brand to $188.78 million from $126.92 million last year. There were also jumps in both domestic and international sales of fashion products. Fifteen analysts expected revenue of $198.87 million in the quarter.

However, despite the result, the shares are currently trading at $57.19, down $14.15 or 19.83% from its previous closing at $71.34 on Wednesday. The shares opened at $63.14 in the morning and in the 52-week period, the shares have ranged between $16.12 and $74.82.

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