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Why Shares of Revolve Group Are Down Today

TheMotleyFool

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Why Shares of Revolve Group Are Down TodayPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Shares of Revolve Group (NYSE: RVLV) fell more than 10% on Friday after the online apparel retailer released quarterly results. Earnings came in ahead of expectations, but the market was spooked by a full-year revenue forecast that implies growth is slowing.

After markets closed Thursday, Revolve reported third-quarter earnings of $0.13 per share on revenue of $154.2 million, beating analyst expectations for $0.11 per share in earnings on sales of $153 million. Net sales were up 22% from the same three months of 2018, and gross profit was up 24% year over year.

Image source: Getty Images.

Source Fool.com

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