Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Jones Group Turns To Loss In Q1

Jones Group Inc. (JNY: Quote) 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.

Click here to receive FREE breaking news email alerts for The Jones Group Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Before heading to New York for meetings with other world leaders at the United Nations, President Barack Obama delivered a statement on Tuesday regarding U.S. airstrikes in Syria. Obama highlighted the fact that the U.S. was joined in the attack by Saudi Arabia, the United Arab Emirates, Jordan, Bahrain, and Qatar. After recovering from an initial move to the downside, stocks have shown a lack of direction over the course of the trading day on Tuesday. The choppy trading comes on the heels of the notable pullback seen in the previous session. With lawmakers failing to address corporate tax reform before adjourning for the campaign season, the Treasury Department announced Monday that it is taking targeted action to reduce the tax benefits of corporate tax inversions.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.