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Joe's Jeans Q1 Profit Rises

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Joe's Jeans Inc. (JOEZ: Quote) reported first-quarter net income of $0.8 million or $0.01 per share, up from $0.2 million or breakeven per share in the same period last year.

Net sales for the quarter increased 23 percent to $26.0 million from $21.2 million last year. Segment wise, sales from the retail segment rose 40 percent from last year to $5.2 million, and Wholesale sales grew 19 percent to $20.8 million.

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by RTT Staff Writer

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This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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