Express: Fiscal 1Q Earnings Snapshot
COLUMBUS, Ohio (AP) _ Express Inc. (EXPR) on Thursday reported a fiscal first-quarter loss of $9.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Columbus, Ohio-based company said it had a loss of 15 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
The clothing and accessories chain posted revenue of $451.3 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $427.9 million.
The company’s shares closed at $3.18. A year ago, they were trading at $8.84.