Aeropostale Inc. on Thursday reported a loss of $13.5 million in its fiscal fourth quarter.
Aeropostale clothing | Source: Aeropostale
NEW YORK, United States – Aeropostale Inc. on Thursday reported a loss of $13.5 million in its fiscal fourth quarter.
The New York-based company said it had a loss of 17 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The teen clothing retailer posted revenue of $593.8 million in the period, which did not meet Street forecasts. Nine analysts surveyed by Zacks expected $594.6 million.
In the final minutes of trading on Thursday, the company’s shares hit $3.70. A year ago, they were trading at $7.25.
More articles in News & Analysis
Apple Revives Gold’s Allure for Young Buyers of Bling
Aeropostale Reports 4Q Loss
Revlon Posts 4Q Profit
Mulberry Names Thierry Andretta As New CEO