Stitch Fix saw shares fall after posting earnings that missed Wall Street estimates.

Closing Bell

Stitch Fix Shares Drop as Earnings Miss Wall Street Estimates

The stock on the move. In the after hours, I see shares down about 5%. Here are the results. The company of missing the mark on the top and the bottom lines reporting a net loss of $0.58 a share. The expectation was a loss of 34 cents and revenue coming in the hair below expectations of 412 million. With the estimate of about 413 million. The company also providing some disappointing full year sales guidance below Wall Street's expectations. Uh We also know that the CFO is gonna be stepping down to be succeeded by the company's S V P of Finance effective April 3rd. Let's take a quick look at comments from the interim CEO and founder Katrina Lake saying quote, we will continue to invest in the advanced data, science and machine learning capabilities combined with personalized styling expertise that have set us apart for more than a decade. We are confident that this path will ensure that we're attracting long term clients to stitch fix and paving the way for a return to growth. So again, not enough to appease investors that stopped down in the after hours after it had been higher in the regular session by about 4% but shedding 5% on disappointing results and disappointing guidance.