BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[AnnTaylor (ANN) falls into the red on disappointing earnings results]]>http://www.bloggingstocks.com/2008/03/14/anntaylor-ann-falls-into-the-red-on-disappointing-earnings-res/http://www.bloggingstocks.com/2008/03/14/anntaylor-ann-falls-into-the-red-on-disappointing-earnings-res/http://www.bloggingstocks.com/2008/03/14/anntaylor-ann-falls-into-the-red-on-disappointing-earnings-res/#commentsFiled under: , , , ,

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.







Continue reading AnnTaylor (ANN) falls into the red on disappointing earnings results

AnnTaylor (ANN) falls into the red on disappointing earnings results originally appeared on BloggingStocks on Fri, 14 Mar 2008 11:42:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>annAnnTaylor StoresAnntaylorStoresearningsforecastrestructuring costsRestructuringCostsretailFri, 14 Mar 2008 11:42:00 EST