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Aeropostale Reports 3Q Loss

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.

Aeropostale sleepwear | Source: Aeropostale

Associated Press

04 December 2014

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.

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Aeropostale

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New York, United States

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