Ascena Q4 results crush street view; stock surges

Benefiting from strong demand growth across the board, especially for the LOFT brand, Ascena Retail (ASNA) turned to profit in the fourth quarter from a loss last year. The impressive results, which topped Wall Street estimates, triggered a stock rally. The specialty apparel retailer reported net income of $33.2 million or $0.17 per share for … Continue reading Ascena Q4 results crush street view; stock surges