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Why ThredUP Stock Jumped Today

TheMotleyFool

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Shares of ThredUP (NASDAQ: TDUP) popped today after the clothing resale specialist posted better-than-expected results in its second-quarter earnings report even as growth remains slow and the company is unprofitable.

The stock closed up 26.1% on the news.

Revenue rose 8% to $82.7 million in the quarter, which topped estimates at $81.2 million.

Source Fool.com

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