Revolve Group stock surges on big earnings beat

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Revolve Group Inc. shares surged in the extended session Wednesday after the fashion retailer’s earnings beat Wall Street estimates by a wide margin. Revolve shares rallied 17% after hours, following a 4.6% rise in the regular session to close at $19.50. The company reported second-quarter net income of $14.2 million, or 20 cents a share, versus a loss of $28 million, or 57 cents a share, in the year-ago period. Revenue declined to $142.8 million from $161.9 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 3 cents a share on revenue of $119.3 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.