Why Revolve Group Stock Soared on Friday

Why Revolve Group Stock Soared on Friday

Shares of Revolve Group (NYSE: RVLV) soared on Friday, up by 14% at 11:30 a.m. EST, after the company reported first-quarter earnings. The results handily beat expectations, and Revolve expressed optimism about economic recovery. Revenue in the first quarter increased 22% to $178.9 million, topping the consensus estimate of $156.3 million.