Shares of women's apparel retailer AnnTaylor Stores Corp. (NYSE: ANN) have been taking a hit today following this morning's earnings release. Citing restructuring expenses and lower sales, AnnTaylor posted a loss of $6.7 million for its fourth-quarter.

For the quarter, the retailer said it swung to a loss of 11 cents per share, compared with a profit of 31 cents in the same period a year ago. Included in the company's earnings figures were 30 cents charge related to its restructuring program. Excluding that, AnnTaylor's earnings numbers would have come at 19 cents a share. Analyst, on average, expected the company to show quarterly earnings of 20 cents per share.

The women's apparel retailer also reported a quarterly revenue decline of 2% to $600.8 million, compared with $610.5 million in the previous year, which included an extra week. The company missed analysts' predictions for a higher revenue of $609 million, according to Thomson Financial.