Express: Fiscal 4Q Earnings Snapshot
COLUMBUS, Ohio (AP) _ Express Inc. (EXPR) on Wednesday reported a fiscal fourth-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Columbus, Ohio-based company said it had a loss of 2 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were 19 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The clothing and accessories chain posted revenue of $628.4 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $637.7 million.
For the year, the company reported profit of $9.6 million, or 13 cents per share. Revenue was reported as $2.12 billion.
Express shares have decreased roughly 2 percent since the beginning of the year. The stock has fallen 32 percent in the last 12 months.