— Express Inc (NYSE: EXPR) reported earnings of $0.19 per share in the fourth quarter of 2019, vs $0.18 per share expected.
— Q4 consolidated net sales fell 3% to $606.7 million, vs. $601.4 million expected. Consolidated comparable sales were down 3%.
— Comparable outlet sales rose 2% as sales increased to $143.8 million from $129.4 million a year ago.
— For the first quarter, the company expects comparable sales to decrease in the mid-single digit. Diluted loss per share for this period is projected to be 18 to 22 cents.
— For the full year 2020, capex is estimated in the range of $45 to $50 million.
— EXPR shares shot up over 13% immediately following the announcement.
Most Popular
Earnings calendar for the week of May 3
Leading stock indexes retreated after gaining mid-week when Wall Street biggies like Apple and Amazon reported impressive quarterly numbers. The Dow Jones Industrial Average was down 190 early Friday, while
How did the first quarter of 2021 turn out for the airline industry?
The airlines sector was severely impacted by the disruption caused by the COVID-19 pandemic in 2020. A year later, the industry is still limping its way to a recovery. In
Amazon (AMZN) fine-tunes growth strategy to stay in the fast lane
The company that witnessed the strongest growth during the pandemic is probably Amazon.com, Inc. (NASDAQ: AMZN), which went into overdrive when the crisis triggered an online shopping boom. Taking a
