Stitch Fix Inc. shares plunged in the extended session Tuesday after the company reported earnings for the first time as a public company. Stitch Fix shares dropped 12% to $21.84 after hours. The online clothing retailer reported fiscal first quarter net income of $13.5 million, compared with $13.2 million in the year-ago period. Revenue rose to $295.6 million from $236 million in the year-ago period. Analysts surveyed by FactSet had estimated revenue of $295 million. For the fiscal second quarter, analysts model revenue of $286 million. Executives forecast fiscal second-quarter sales of $287 million to $294 million. Stitch Fix stock has gained 53% since its November IPO, with the S&P 500 index rising 4.3%.
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