Stitch Fix, Inc. (NASDAQ: SFIX) on Monday reported a profit for the first quarter of 2021, even as revenues increased. The results also surpassed the market’s forecast.
The San Francisco, California-based personal styling company had around 3.8 million active clients at the end of the quarter, up 10% year-over-year. It reported net income of $9.5 million or $0.09 per share for the October-quarter, marking an improvement from last year’s break-even results. Analysts had forecast a loss for the latest quarter.
Revenues moved up to $490.4 million in the first quarter from $444.8 million in the corresponding period of last year. The top-line also beat the Street view.
Last month, Stitch Fix shares climbed to a two-year high. The stock closed Monday’s regular session higher.
Seagate Technology (NYSE: ALK) reported first-quarter 2022 financial results before the regular market hours on Friday. The company reported Q1 revenue of $3.12 billion, up 35% year-over-year and higher than
Schlumberger Limited (NYSE: SLB) came up with its third-quarter 2021 results on Friday. Revenue increased to $5.8 billion from $5.2 billion last year. Analysts had expected revenue of $5.09 billion.
Honeywell International Inc. (NASDAQ: HON) reported third quarter 2021 earnings results today. Sales increased 9% year-over-year to $8.4 billion but missed projections of $8.6 billion. On an organic basis, sales