Why Zulily (ZU) Is Spiking After Hours

NEW YORK (TheStreet) -- Deals Web site Zulily (ZU) jumped in aftermarket trading following fourth-quarter results which exceeded expectations.

After the bell, shares added 9.7% to $47. In the regular trading session, the stock was up 5.3% to $42.84.

In the three months to December, the online retailer saw net sales jump to $257 million, 100% higher than a year earlier. Active customers grew to 3.2 million by the end of 2013.

Excluding one-time charges, net income climbed to 10 cents a share from 3 cents a share in the year-ago quarter. Analysts surveyed by Yahoo! Finance expected net income of 4 cents a share.

"We're excited to close out a great year with a strong quarter and increasing profitability," said CEO Darrell Cavens in a statement.

"It's clear to me that our team's continued obsession with offering amazing products at a great value is driving tremendous performance for the company and excitement for our customers. We'll continue to aggressively invest in fulfillment, technology and people to maximize the long-term potential of our business."

For the March-ending quarter, management anticipates net sales between $225 million and $235 million and a net loss of $5 million to $1 million.

Over fiscal 2014, the company expects full-year revenue between $1.1 billion and $1.15 billion, a 58% to 65% increase on fiscal 2013, respectively.

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