QUINCY, Mass. (AP) _ J.Jill Inc. (JILL) on Thursday reported fiscal first-quarter profit of $11.3 million.
On a per-share basis, the Quincy, Massachusetts-based company said it had profit of 26 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 29 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The retailer of women's clothes, shoes and accessories posted revenue of $181.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $159.7 million.
J.Jill shares have decreased 21 percent since the beginning of the year. The stock has dropped 45 percent in the last 12 months.
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