New York & Company Reports Q4 Results
Shares of New York & Company (NYSE: NWY) are trading higher in the after-hours following the release of the company's Q4 earnings results. Currently, shares are higher by 5.73%, trading at $3.69; they ended the regular session lower by 0.29%, at $3.49.
New York & Company reported Q4 EPS of ($0.18) on revenues of $272 million; the Street was looking for ($0.18) per share on revenues of $274.97 million. Revenues decreased 10.2% year over year.
Gregory Scott, New York & Company's CEO, stated: "While we are disappointed with our fourth quarter results, fiscal 2011 was an important year for our Company. We gained valuable insight about our customer, her lifestyle needs and what drives her purchasing decisions in terms of merchandise, fashion, price points and promotions -- all while facing significant cost pressures within our supply chain. We have already begun applying these key learnings to our business planning in 2012."
New York & Company, Inc., incorporated on November 8, 2002, is a specialty retailer of women's fashion apparel and accessories.
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