Zulily Q3 Results Top Estimates; Q4 Sales Outlook Weak

(RTTNews) - Online retailer zulily, inc. (ZU) reported a net loss for the third quarter of $0.8 million or $0.01 per share, compared to a net loss of $4.8 million or $0.09 per share for the year-ago quarter.

Excluding items, adjusted earnings per share for the Third Quarter was $0.02, compared to breakeven in the prior year quarter.

Net sales for the third quarter rose to $285.84 million from $166.66 million a year ago.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share on revenue of $285.28 million for the third quarter. Analysts' estimates typically exclude special items.

Looking forward, the company forecasts fourth quarter net sales to be between $391.3 million and $416.3 million.

For the full year 2014, the company continues to expect net sales to be between $1.20 billion and $1.225 billion.

Analysts currently expect the company to post revenue of $411.95 million for the fourth quarter and $1.22 billion for the full year 2014.