Aeropostale Trades Lower After Q4 Earnings

Apparel retailer Aeropostale (NYSE: ARO) reported its fiscal fourth-quarter financial results after the closing bell on Thursday. In after hours trading, the stock was last down around 6 percent to $13.70 after Aeropostale posted a 1 percent sales decline in the quarter. The company said that it lost $672,000 or $0.01 per share, compared to net income of $26.1 million or $0.32 per share, in last year's corresponding quarter. Adjusted net income was $19.1 million or $0.24 per share, compared to $35.6 million or $0.44 per share, in last year's corresponding quarter. This beat Wall Street analysts' consensus EPS estimates of $0.22 by two cents. Sales for the period were down 1 percent to $797.71 million from $808.38 million last year. This easily topped Wall Street consensus revenue projections of $775.70 million. Comparable store sales at Aeropostale decreased 9 percent compared to a 9 percent decrease last year. Looking ahead to the first-quarter, the company guided for a loss of $0.15 to $0.20 per share, which compares to analysts' consensus calling for a profit of $0.08 per share for the first-quarter.