Market Overview

UPDATE: Express Posts Drop In Q4 Profit, Issues Weak Forecast

Related EXPR
Benzinga Weekly Preview: Putin And Poroshenko Set To Discuss A Peace Plan
Express, Inc. Announces January 2015 Retirement Of Michael Weiss As CEO And Appointment Of David Kornberg As Successor
Selling Frenzy: Express Shares Tumble on Weak 1Q (Fox Business)

Express (NYSE: EXPR) reported a drop in its fourth-quarter profit and issued a weak outlook.

Express expects Q1 profit of $0.12 to $0.18 per share and full-year profit of $1.03 to $1.23 per share. However, analysts were expecting a Q1 profit of $0.42 per share and full-year profit of $1.59 per share.

Express posted its quarterly profit of $47.9 million, or $0.57 per share, versus a year-ago profit of $63.9 million, or $0.75 per share. However, analysts expected a profit of $0.59 per share.

Express shares fell 9.43% to $16.52 at 10:00 a.m. ET.

Posted-In: profitEarnings News Guidance

 

Related Articles (EXPR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters