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Apparel retailer Aeropostale
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.
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