SAN FRANCISCO (AP) _ Stitch Fix Inc. (SFIX) on Monday reported a fiscal third-quarter loss of $33.9 million, after reporting a profit in the same period a year earlier.
The San Francisco-based company said it had a loss of 33 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The online clothing styling service posted revenue of $371.7 million in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $394.9 million.
Stitch Fix shares have dropped 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $24.89, a decline of 8% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SFIX at https://www.zacks.com/ap/SFIX
Automated Insights, source Associated Press News