At Home Group: Fiscal 4Q Earnings Snapshot
PLANO, Texas (AP) _ At Home Group Inc. (HOME) on Tuesday reported a fiscal fourth-quarter loss of $224.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Plano, Texas-based company said it had a loss of $3.50. Earnings, adjusted for one-time gains and costs, were 37 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 37 cents per share.
The home decor retailer posted revenue of $397.7 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $397.8 million.
For the year, the company reported a loss of $214.4 million, or $3.35 per share, swinging to a loss in the period. Revenue was reported as $1.37 billion.
In the final minutes of trading on Tuesday, the company’s shares hit $2.79. A year ago, they were trading at $22.85.