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Aeropostale Reports 3Q Loss

Aeropostale Inc. on Wednesday reported a loss of $26.4 million in its fiscal third quarter. The results topped Wall Street expectations.
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NEW YORK, United States — Aeropostale Inc. on Wednesday reported a loss of $26.4 million in its fiscal third quarter.

The New York-based company said it had a loss of 33 cents per share. Losses, adjusted for one-time gains and costs, were 31 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The teen clothing retailer posted revenue of $363.3 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $388.6 million.

In the final minutes of trading on Wednesday, the company’s shares hit 59 cents. A year ago, they were trading at $3.07.

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