Market Overview

UPDATE: Jones Group Q3 Profit Surges 68%

Related JNY
NY Post Reports Sycamore Partners Seeking More Retail Deals
Mid-Day Market Update: Red Hat Surges On Upbeat Results; CarMax Shares Decline

Jones Group (NYSE: JNY) reported a 68% rise in its third-quarter earnings.

Jones Group's quarterly profit surged to $29.3 million, or $0.38 per share, from $17.4 million, or $0.22 per share, in the year-ago period. Excluding one-time items, it earned $0.48 per share.

Its revenue fell 1.3% to $1.02 billion. However, analysts were expecting earnings of $0.42 per share on revenue of $1.04 billion.

Jones Group shares closed at $15.32 yesterday.

Posted-In: profitEarnings News

 

Related Articles (JNY)

Around the Web, We're Loving...

Get Benzinga's Newsletters