Why Zulily (ZU) Stock Is Tanking On Wednesday

NEW YORK (TheStreet) -- Shares of Zulily Inc. (ZU) 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.

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