Express posts 2Q profit, results top Wall Street forecasts

MarketsAssociated Press

Express Inc. (EXPR) on Wednesday reported earnings of $6.9 million in its fiscal second quarter.

On a per-share basis, the Columbus, Ohio-based company said it had profit of 8 cents.

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The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The clothing and accessories chain posted revenue of $481.4 million in the period, also exceeding Street forecasts. Analysts expected $460 million, according to Zacks.

Express shares have dropped 22 percent since the beginning of the year. The stock has dropped 27 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. A stock research report on EXPR from Zacks is available at: http://www.zacks.com/ap/EXPR

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Keywords:Express,Earnings Report