The company reported adjusted earnings per share of 9 cents, up from 5 cents in the same period one year earlier. Revenue soared 97% year-over-year to $285 million. Analysts had expected earnings of 4 cents a share on revenue of $272.04 million.
Zulily expects third-quarter revenue in the range of $275 million to $287.5 million, which would mark a 65% and 73% year-over-year increase, respectively. Analysts expect revenue of $283.29 million. The company increased its full-year revenue guidance to a range of $1.2 billion to $1.225 billion from $1.15 billion to $1.2 billion. The consensus estimate calls for full-year revenue of $1.2 billion.
The stock was down 4.09% to $37.76 at 4:39 p.m.
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