Why Stitch Fix Stock Was Sliding Today

Shares of Stitch Fix (NASDAQ: SFIX) were looking threadbare today after the stock took a dive following its fourth-quarter earnings report. The quarter itself was solid as the company beat earnings estimates and essentially matched top-line expectations. However, the market seemed to be turned off by underwhelming revenue guidance for the first quarter.

As a result, the stock was trading down 10.4% as of 10:13 a.m. EDT.

Image source: Stitch Fix.

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Source Fool.com