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Why Revolve Group Stock Tanked on Thursday

TheMotleyFool

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Why Revolve Group Stock Tanked on Thursday: https://g.foolcdn.com/editorial/images/694271/investor-making-a-buy-sell-decision-stock-chart.png

Shares of Revolve Group (NYSE: RVLV) are falling today, down by 14.5% as of 11:34 a.m. ET following the company's second-quarter earnings release.

Revolve reported an increase in revenue and higher gross margin, but business conditions worsened in July, causing a sharp deceleration in revenue growth.

Investors have been on pins and needles, punishing any company that shows signs of weakness. Revolve's revenue soared 27% versus the year-ago period, but management said that growth slowed to 10% at the start of the third quarter, which didn't sit well with market participants.

Source Fool.com

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