Blue Apron soars after beating fourth-quarter estimates (APRN) -

Blue Apron's stock was up 8.45% in early Tuesday trading after it reporting better-than-expected earnings.

The company did not lose as much in revenue and earnings as expected, particularly after it switched distribution hubs in a costly move that forced the company to cut its marketing budget.

It was still trading below its IPO price of $10 to $11 per share.

Watch Blue Apron's shares move in real time here.

Shares of Blue Apron spiked 8.45% to $3.63 per share in early Tuesday trading after...

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