Shares of Stitch Fix (NASDAQ: SFIX), the online stylist, were initially higher in after-hours trading last night, but after a closer look at the report, the stock was down by double digits today. Though the e-commerce company topped estimates, investors seemed to focus on the decline in subscribers.
As of 11:07 a.m. ET on Thursday, the stock was down 16.6% on the news.
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