At Home Group: Fiscal 1Q Earnings Snapshot
PLANO, Texas (AP) _ At Home Group Inc. (HOME) on Thursday reported a fiscal first-quarter loss of $358.9 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 $5.60. Losses, adjusted for asset impairment costs, came to 61 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The home decor retailer posted revenue of $189.8 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $194.7 million.
At Home Group shares have risen 39% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.66, a drop of almost 3% in the last 12 months.