At Home Group: Fiscal 1Q Earnings Snapshot
PLANO, Texas (AP) _ At Home Group Inc. (HOME) on Thursday reported fiscal first-quarter earnings of $13.9 million.
On a per-share basis, the Plano, Texas-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring gains, came to 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The home decor retailer posted revenue of $306.3 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $303.2 million.
For the current quarter ending in August, At Home Group expects its per-share earnings to range from 14 cents to 17 cents.
The company said it expects revenue in the range of $340 million to $345 million for the fiscal second quarter.
At Home Group expects full-year earnings in the range of 67 cents to 74 cents per share, with revenue ranging from $1.37 billion to $1.39 billion.
At Home Group shares have dropped 6% since the beginning of the year. The stock has dropped 51% in the last 12 months.