logo
Share SHARE
FONT-SIZE Plus   Neg

Jones Group Turns To Loss In Q1

Jones Group Inc. (JNY) reported first quarter loss available to common stockholders of $1.0 million or $0.01 per share, as against a profit of $24.9 million or $0.30 per share a year ago.

Adjusted earnings per share were $0.31, lower than last year's $0.38. The adjusted results exclude charges related to the impact of severance, asset impairments in retail locations to be closed and other costs related to restructuring activities, certain acquisition-related costs and other costs not considered relevant for period-over-period comparisons. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.14 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the latest quarter were $936 million, as compared with $961 million for the first quarter of 2011. Analysts estimated revenues of $937.27 million for the quarter.

Further, the board has declared a regular quarterly cash dividend of $0.05 per share to all common stockholders of record as of May 11, 2012, for payment on May 25, 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Lilly is all set to acquire CoLucid Pharma for $46.50 per share in cash or approximately $960 million. Shares of Netflix Inc. (NFLX), Monday gained over 8 percent in extended trading session after the online-video streaming service reported a fourth-quarter profit that trumped analysts estimates, driven largely by higher-than-expected subscriber additions both domestically and internationally. Netflix... American Airlines (AAL) Wednesday announced that it has launched a new Basic Economy fares. The basic economy fares will go on sale in February in 10 markets, with the fares to be expanded to other additional markets later this year. However, not every American Airlines flight will offer basic economy...
comments powered by Disqus
Follow RTT