Stock prices for flash sale site Zulily were up nearly 11 percent in after-hours trading on Monday, after the Seattle-based shopping site announced fourth-quarter revenue and earnings that easily beat analyst expectations.
The company, which sells discounted apparel for women and kids, earned 10 cents per share, excluding some items, on revenue of $257 million — a 100 percent gain over the same period in 2012. Analysts had been expecting earnings of four cents per share on revenue of $225 million.
Looking ahead, Zulily is forecasting revenue between $225 million and $235 million for the current quarter, compared to analyst estimates of $223 million. For the full year, the e-commerce company projects sales of $1.1 billion to $1.15 billion, in line with analyst estimates of $1.1 billion.
Zulily priced its IPO at $22 a share in November, but it opened trading on its first day at $39 a share and is now valued at more than $5 billion. It has mostly traded around its opening range since then, rising to as high as $44.96 before today. In after hours on Monday, the stock price jumped above $47 a share.
Zulily’s public-market performance is being closely watched in e-commerce circles — and especially by other flash sale sites — because it’s one of the first digital commerce companies to go public in recent years. Re/code reported earlier this month that fellow flash sale shopping site Gilt.com is planning to go public later this year.
I’ll be listening in to the analyst call at 2 pm PT and will update this post with any new information.
This article originally appeared on Recode.net.