Shares of Joe's Jeans Rise 15.5% After Q2 Revenue Surges 56%
Joe's Jeans Inc. (NASDAQ: JOEZ) shares are up in after hours trading after the apparel maker said second-quarter revenue surged 56 percent, helped by its acquisition of Hudson Clothing Holdings Inc. last year.
The Los Angeles-based company said sales totaled $48.2 million for the quarter, up from $30.9 million a year earlier. Joe's Jeans acquired Hudson Clothing in September. Joe's Jeans operates Hudson as a wholly owned unit.
Net income totaled $2.34 million, or $0.01 per share. In the year-ago period, net income was $1.17 million but the per-share profit was higher at $0.20 per share.
Joe's Jeans rose to $1.19 after the close.
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