Ann Taylor Earnings Report (ANN)
Ann Taylor (NYSE: ANN) released their quarterly earnings numbers today before the opening bell. The retailer reported fourth quarter net income of $41,000 compared to a net loss of #375.61 million in last year's corresponding quarter. Excluding non-recurring charges, the company reported earnings of $2.5 million or $0.05 per share versus an adjusted net loss $58.1 million or $1.03 per share in the year ago period. Wall Street analysts had been anticipating Ann Taylor to report a loss of 1 cent per share.
Ann Taylor (ANN) reported net revenue of $469.14 million compared to $483.37 million in last year's fourth quarter. This did not meet analysts' estimates which were pegged at $472.25 million. During today's trading session, ANN shares have lost 1.7% and are currently trading at $19.11.
