Francesca's Holdings Retreats After Q1 Report

released its fiscal first-quarter earnings results after the closing bell on Wednesday. The company reported earnings per share that were in-line with consensus and sales results that were slightly below estimates. In late trade, FRAN was last trading down nearly 8 percent to $27.80. For the first-quarter, Francesca's reported net income of $11 million or $0.24 per share, compared to $8.7 million or $0.20 per share, in last year's corresponding quarter. On an adjusted basis, Francesca's reported net income of $11.5 million or $0.26 per share, versus $9.2 million or $0.21 per share, last year. This was in-line with analysts' consensus EPS estimates of $0.26. Sales in the period were up 29 percent to $79 million from $61 million a year ago. This just missed Wall Street consensus revenue estimates of $79.56 million. Looking ahead to Q2, Francesca's guided for EPS of $0.35 to $0.36 on revenue of $94.5 million to $95.5 million. Currently, analysts have consensus EPS estimates of $0.35 on revenue of $94.84 million for the fiscal second-quarter. For fiscal 2014, the company reaffirmed its previous guidance. Francesca's expects EPS of $1.27 to $1.30 on sales of $365 million to $370 million. Currently, analysts expect the company to report EPS of $1.30 on revenue of $370.04 million for fiscal 2014.