AP NEWS

Ascena Retail: Fiscal 3Q Earnings Snapshot

June 10, 2019

MAHWAH, N.J. (AP) _ Ascena Retail Group Inc. (ASNA) on Monday reported a loss of $237.9 million in its fiscal third quarter.

The Mahwah, New Jersey-based company said it had a loss of $1.20 per share. Losses, adjusted for one-time gains and costs, came to 26 cents per share.

The owner of clothing retail chains posted revenue of $1.27 billion in the period.

For the current quarter ending in July, Ascena Retail said it expects revenue in the range of $1.18 billion to $1.22 billion.

In the final minutes of trading on Monday, the company’s shares hit $1.03. A year ago, they were trading at $4.58.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASNA at https://www.zacks.com/ap/ASNA

All contents © copyright 2019 The Associated Press.All rights reserved.