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Will Stitch Fix stock surge higher following 20% gain?

Micheal Ben


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Probably not. The strong rally yesterday was due to the company releasing a better-than-expected second quarter earnings report. 

Stitch Fix posted earnings per share of 12 cents on revenues of $370 million. Wall Street expected earnings of 5 cents on revenues of $365 million. Stitch Fix’s active clients increased 18 percent to 2.96 million and beat the estimated 2.95 million. However, the company could see its stock price rise significantly higher this year if it continues on this path. 

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