Shares of Ascena Retail Group Inc. (NASDAQ: ASNA) slumped about 10.30% by afternoon trade. The specialty retailer missed analysts’ estimates for the fiscal third quarter. Ascena Retail said on Wednesday that it earned (non-GAAP income) 26 cents a share compared to 34 cents a share, in the year earlier quarter. Net sales jumped 46% to $1.14 billion from $783 million, in the year-earlier quarter. Revenue was boosted by recently acquired Lane Bryant and Catherines businesses. Analysts surveyed by Thomson Reuters were expecting earnings of 30 cents a share on revenue of $1.17. The Company reiterated its full-year earnings guidance of $1.10 to $1.15 a share.
Shares of Qiwi Plc (NASDAQ: QIWI) jumped 6.60% by afternoon trade as the Company, late last evening handed better-than-expected results for the fiscal first quarter. For the fiscal first quarter, the Company posted earnings of $7.02 a share on revenue of $2.53 billion. Analysts’ consensus estimate was for earnings of $6.67 a share on revenue of $1.91 billion. Revenue soared 49.8% from the year-earlier quarter.
Shares of Francesca Holdings Corp. (NASDAQ: FRAN) slumped about 9.25% by afternoon trade. Even though the women apparel retailer late last evening said that first-quarter income soared 25%, boosted by staggering 29% revenue growth; investors are disappointed due to lower-than-expected comparable-store sales and total sales. For the fiscal first quarter ended May 4, the Company posted net income of $10.9 million or 24 cents a share up from year earlier profit of $8.7 million or 20 cents a share. Stripping out onetime items, adjusted earnings jumped to 26 cents a share from 21 cents a share, in the same quarter of last year. Revenue stood at $79 million while comparable-store sales rose 2%. In March, the Company provided earnings guidance of 25 to 26 cents a share on revenue of $79.5 million to $80.5 million. Comparable-store-sales were expected to grow by 4% to 5%, at that moment. Analysts’ consensus estimate was for earnings of 26 cents a share on revenue of $79.6 million.
Shares of VeriFone Systems Inc. (NYSE: PAY) tumbled about 18% by afternoon trade. The electronic payment solutions provider on Wednesday said that it swung into a loss in its fiscal second quarter as it set aside big amount linked to possible litigation charges. The Company also handed disappointing outlook for the current quarter. Excluding onetime items such as litigation charges, adjusted earnings stood at 42 cents a share down from 64 cents a share, in the same quarter of last year. Revenue plunged 9.7% to $426.3 million but excluding deferred income, revenue fell 10% to $430 million. Back in March, VeriFone provided earnings guidance of 45 cents to 50 cents a share on adjusted revenue of $435 million to $450 million. Analysts were expecting earnings of 47 cents a share on revenue of $440 million.
Shares of Ciena Corporation (NASDAQ: CIEN) climbed about 14% by afternoon trade. The networking equipment and software solutions provider reported narrower-than-expected fiscal second-quarter loss on Thursday. The bottom line was boosted by fatter margin and higher revenue. Non-GAAP earnings beat Street’s consensus estimate while revenue guidance on the current quarter also exceeded expectation.
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