The news: Fashion ecommerce group Revolve posted strong Q3 earnings, cleanly beating analyst expectations.
- Earnings per share (EPS) reached 15 cents, far outpacing estimates of 9 cents per share. EPS one year ago were 4 cents.
- Net revenues came in at $283 million, surpassing expectations by 4.4% and jumping 10% year-over-year (YoY).
- Revolve’s stock price surged Wednesday to a one-year high, per Marketbeat.