News Brief


Flash sale e-commerce site Zulily beat analyst expectations on earnings and revenue in the second quarter, but the company’s third-quarter forecasts disappointed, sending shares down as much as four percent in after-market trading. The midpoint of the ranges Zulily forecast for current-quarter revenue and net income were $281 million in revenue and a net loss of $10 million. Both fell short of the $283 million in revenue and small net profit that analysts expected. In the second quarter, Zulily recorded earnings per share, excluding some items, of nine cents on $285 million in revenue, beating analysts estimates of four cents per share on $272 million in revenue.




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