NEW YORK, United States — Aeropostale Inc. on Wednesday reported a loss of $52.3 million in its fiscal third quarter.
On a per-share basis, the New York-based company said it had a loss of 66 cents. Losses, adjusted for asset impairment costs and non-recurring costs, came to 45 cents per share.
The results matched Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for a loss of 45 cents per share.
The teen clothing retailer posted revenue of $452.9 million in the period, which beat Street forecasts. Analysts expected $445.6 million, according to Zacks.
For the current quarter ending in January, Aeropostale expects its results to range from a loss of 44 cents per share to a loss of 37 cents per share.
In the final minutes of trading on Wednesday, the company's shares hit $3.19. A year ago, they were trading at $9.74.