UPDATE: Zulily Posts Q4 Profit
Zulily (NASDAQ: ZU) posted a profit in the fourth quarter.
Zulily swung to a quarterly profit of $4.5 million, or $0.05 per share, versus a year-ago loss of $30.7 million, or $0.71 per share. Its adjusted earnings came in at $0.10 per share.
Its revenue jumped to $257 million. However, analysts were projecting earnings of $0.04 per share on revenue of $225.5 million.
For the full year, Zulily projects sales of $1.1 billion to $1.2 billion, versus analysts' estimates of $1.12 billion.
Zulily shares closed at $42.84 yesterday.
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