Why Shares of Revolve Group Are Down Today
Shares of Revolve Group (NYSE: RVLV) fell more than 10% on Friday after the online apparel retailer released quarterly results. Earnings came in ahead of expectations, but the market was spooked by a full-year revenue forecast that implies growth is slowing.
After markets closed Thursday, Revolve reported third-quarter earnings of $0.13 per share on revenue of $154.2 million, beating analyst expectations for $0.11 per share in earnings on sales of $153 million. Net sales were up 22% from the same three months of 2018, and gross profit was up 24% year over year.
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Source Fool.com
