Stitch Fix Remains Firmly Negative After Early Sell-Off

(RTTNews) - After falling sharply early in the session, shares of Stitch Fix, Inc. (SFIX) continue to see substantial weakness in afternoon trading on Tuesday. Stitch Fix is currently down by 32.1 percent after hitting its lowest intraday level in nearly two months.

The early sell-off by Stitch Fix came after the online fashion subscription and personal shopping service reported fiscal fourth quarter adjusted earnings of $0.17 per share on revenues of $318.3 million. While the adjusted earnings exceeded analyst estimates, the revenues came in below expectations.