Ann Inc. meets 2Q profit expectations, misses revenue forecasts

MarketsAssociated Press

Ann Inc. (ANN) on Friday reported earnings of $32.7 million in its fiscal second quarter.

On a per-share basis, the New York-based company said it had profit of 70 cents.

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The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 70 cents per share.

The women's apparel retailer posted revenue of $648.7 million in the period, which fell short of Street forecasts. Analysts expected $650.2 million, according to Zacks.

Ann Inc. shares have increased 6 percent since the beginning of the year. The stock has climbed 19 percent in the last 12 months.


This story was generated automatically by Automated Insights ( ) using data from Zacks Investment Research. Full ANN report:


Keywords:Ann Inc.,Earnings Report