Zulily (ZU) Misses Q1 EPS by 3c; Lifts Outlook
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Zulily (ZU) PT Cut at RBC Capital Amid Solid Q1 Results but Mixed Outlook
May 7, 2014 7:20 AM EDTRBC Capital analyst Mark Mahaney lowered his price target on Sector Perform-rated Zulily, Inc (NASDAQ: ZU) to $45.00 (from $50.00) following solid Q1 results but a mixed outlook.
Mahaney notes, "ZU reported Q1 Revenue above Street expectations but EBITDA came in a bit shy as a back-end loaded Q1 coupled with longer shipping times & marketing investments reduced incremental... More
