After what was a tumultuous day for US politics, after the bell, stocks on Tuesday in focus included Stitch Fix Inc (NASDAQ:SFIX), which shed 1.94% to US$22.80 in extended trade.
The online personal shopping service missed analysts' estimates for earnings on its second financial report since going public in November.
Stitch Fix falls 6% after posting earnings https://t.co/fA5TdGSxrM by @Katie_Roof
— TechCrunch (@TechCrunch) 12 March 2018
Net income for the second quarter amounted to US$3.6mln, or 2 US cents per share, on US$295.9mln of revenue.
Wall Street consensus was pitched at 6 US cents per share on US$291mln of revenue, so the market was disappointed.
During the quarter, the firm generated net income of US$3.6 million, or diluted earnings per share of US$0.02.
But non-GAAP net income, which did not include a US$1.6mln gain on remeasurement of preferred stock warrant liability and a US$4.7mln increase in tax expense resulting from recently passed US tax reform, was US$6.8 million, or diluted earnings per share of $0.07.
Elsewhere, Time Warner Inc (NYSE:TWX) shares nudged up 0.86% to US$96.99 after the bell after a U.S. district judge ruled AT&T's (NYSE:T) arguments may be included in the trial over its proposed merger with Time Warner Inc (NYSE:TWX).