=Chico's FAS (CHS) reported earnings Wed 31 Aug 016 (b/o)

After a dismal first-quarter fiscal 2016, Chico's FAS Inc. (CHS) recorded better-than-expected bottom-line results for the second quarter. Also, the company’s revenues came in line with the Zacks Consensus Estimate. However, both the top and bottom lines fell year over year.

Chico’s adjusted earnings of 25 cents per share outpaced the Zacks Consensus Estimate of 22 cents but dropped 3.8% on a year-over-year basis. On a GAAP basis, it reported earnings of 17 cents a share compared with 2 cents in the year-ago quarter.