UPDATE: Regis Reports 54% Decline In FQ1 Earnings

Regis Corp RGS reported a 54% decline in its fiscal first-quarter earnings. Regis reported its quarterly profit at $8.3 million, or $0.15 per share, down from $18.3 million, or $0.30 per share, in the year-ago period. The company's operational earnings, excluding charges, came in at $0.26 per share. However, analysts were expecting expected earnings of $0.27 per share. RGS shares closed at $16.32 yesterday.