Zulily shares rallied Wednesday in after-hours trading as the online retailer for moms posted higher-than-expected sales.
Revenue for the quarter ended in June rose to $297.6 million, up 4 percent from the same period a year ago, and above the $294 million consensus estimate by Wall Street analysts. Earnings of 6 cents per share were also above expectations of 4 cents.
Shares were up 6.4 percent in after-market trading following the release of the results. It marks a nice surprise for zulily investors, who in recent months have been battered by a slowdown of the company’s growth and operational issues.