Zulily Shares Plunge On Earnings Miss, Outlook

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.