Specialty retailer for women’s apparels and accessories, Ann Inc. (NYSE: ANN) said on Friday that fiscal second quarter profit rose 16%, aided by higher sales at its Loft and Ann Taylor stores. However, the retailer, just like its peers, slashed the full-year outlook. For the latest period, the adjusted earnings stood at 76 cents a share, comfortably beating analysts’ estimate for 65 cents a share. Revenue rose 7% to $638.2 million but missed Street’s forecast of $639.7 million. For the full-fiscal year, the Company anticipates revenue of $2.52 billion down from earlier projection for $2.54 billion.
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Major Movers on March 8; P, SKUL, ANN, THO, ZQK
Pandora Media Inc. (NASDAQ: P) shares rallied on Friday after the Internet radio company, following closing bell on Thursday, reported narrow-than-expected loss in the fiscal fourth quarter and revenue which beat analysts’ consensus estimate. The Company also provided upbeat guidance on the fiscal first quarter. Separately, Company’s Chief Executive, President and Chairman, Joseph Kennedy said that he will step down from his position. The Company is in look out for successor and Kennedy will continue to lead the company until his replacement is found.
Continue reading Major Movers on March 8; P, SKUL, ANN, THO, ZQK
Ann Inc. Shares Surge on Q2 Results (ANN)
Ann Inc. (NYSE:ANN), the holding company of Ann Taylor and Loft Stores, reported better-than-expected fiscal second-quarter earnings on Friday, an eighth successive quarter where profits rose, thanks to rising sales of its reasonably priced yet trendy colored clothes.
Major Gainers and Losers on August 17; Ann Inc. (ANN), Molycorp Inc. (MCP), Express Inc. (EXPR), Foot Locker Inc.(FL), Groupon Inc. (GRPN), NII Holdings Inc. (NIHD), Hibbett Sports Inc., (HIBB)
Shares of Ann Inc. (NYSE: ANN), a specialty retailer of women’s apparel, shoes and accessories, surged on Friday after the company reported its second-quarter financial results.