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Friday, December 2, 2016

Ascena Retail (ASNA) reported earnings Thur 1 Dec 16 (a/h)

** charts after earnings **




 







** 3 weeks later **


MAHWAH, N.J. (AP) _ Ascena Retail Group Inc. (ASNA) on Thursday reported fiscal first-quarter net income of $14.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Mahwah, New Jersey-based company said it had net income of 7 cents. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, were 18 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The owner of clothing retail chains posted revenue of $1.68 billion in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $1.71 billion.
Ascena Retail expects full-year earnings in the range of 60 cents to 65 cents per share.

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