Zulily Inc. shares plunged in the extended session Wednesday after the online retailer's quarterly results and outlook fell below Wall Street estimates. Zulily shares dropped 17% to $16.50 on heavy volume. The company reported adjusted fourth-quarter earnings of 11 cents a share on revenue of $391.3 million. Analysts surveyed by FactSet had forecast 14 cents a share on revenue of $406.5 million. Zulily forecast first-quarter sales of $300 million to $320 million, while analysts are looking for $371 million.
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