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Why Zulily (ZU) Stock Is Tanking On Wednesday

NEW YORK (TheStreet) -- Shares of Zulily Inc. (ZU - Get Report) are plummeting -26.93% to $33.53 on Wednesday after the company posted an unexpected net loss of -2 cents per diluted share for the 2014 first quarter, compared to a net loss of -1 cent per diluted share from the year ago quarter.

The consensus estimate was for a profit of 1 cent per share, NASDAQ.com reported.

The e-commerce company reported revenue grew 87% to $237.9 million for the 2014 first quarter, compared to $127.01 million from the same period last year.

ZU Chart ZU data by YCharts

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SYM TRADE IT LAST %CHG
ZU $13.12 -1.40%
AAPL $122.77 0.00%
FB $94.20 -2.80%
GOOG $627.26 0.00%
TSLA $253.39 -4.50%

Markets

Chart of I:DJI
DOW 17,568.53 -127.94 -0.73%
S&P 500 2,079.65 -12.01 -0.58%
NASDAQ 5,088.63 -48.8540 -0.96%

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