— Apparel retailer Express, Inc. (NYSE: EXPR) reported an adjusted loss of $0.03 per share for the third quarter of 2019, vs. $0.09 per share loss expected.
— Net loss was $3.1 million, or $0.05 per share, compared to net income of $8.0 million, or $0.11 per share in the third quarter of 2018
— Net sales decreased 5% to $488.5 million from $515.0 million in the year-ago quarter, vs. $483.25 million expected
— Total retail sales decreased to $356.8 million from $388.8 million in the third quarter of 2018; comparable retail sales, including Express stores and e-commerce, decreased 5%
— Repurchased a total of 16.4 million shares for $116.0 million under the buyback program, including 2.8 million shares for $8.7 million in the third quarter
— Expects comparable sales to drop 1% to 3% in the fourth quarter; sees Q4 net earnings in the range of $0.16-$0.21 per share
Most Popular
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its
EXPE Earnings: Expedia reports adj. profit for Q1; revenue rises 8%
Expedia Group (NASDAQ: EXPE) has reported an increase in revenues for the first quarter of 2024. The travel company turned to net profit in Q1, on an adjusted basis, from
Comments
Comments are closed.