Ascena Retail: Fiscal 3Q Earnings Snapshot
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.