At Home Group: Fiscal 2Q Earnings Snapshot
PLANO, Texas (AP) _ At Home Group Inc. (HOME) on Wednesday reported a fiscal second-quarter loss of $10.1 million, after reporting a profit in the same period a year earlier.
The Plano, Texas-based company said it had a loss of 16 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 34 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The home decor retailer posted revenue of $288.5 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $286.8 million.
For the current quarter ending in November, At Home Group expects its per-share earnings to range from 14 cents to 15 cents.
The company said it expects revenue in the range of $264 million to $266 million for the fiscal third quarter.
At Home Group expects full-year earnings in the range of $1.27 to $1.31 per share, with revenue expected to be $1.16 billion.
At Home Group shares have increased 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.27, an increase of 53 percent in the last 12 months.