UPDATE: Ann Posts Rise In Q3 Profit

Ann ANN reported a rise in its fiscal third-quarter profit. Ann's quarterly profit surged to $41.2 million, or $0.89 per share, versus a year-ago profit of $40.7 million, or $0.84 per share, in the year-ago period. Its sales climbed 7% to $657.5 million. However, analysts were expecting a profit of $0.86 per share on sales of $654.2 million. Ann's comparable store sales increased 3.7%. Ann shares fell 1.43% to $35.75 in pre-market trading.