logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
H&R Block, Inc., the largest U.S. tax preparer, said Wednesday after the markets closed that its third quarter loss narrowed sharply from last year, as revenue surged due to an earlier opening of the Internal Revenue Service's e-file system this tax season. The company's quarterly loss per share also smaller than analysts estimated, but its quarterly revenue fell short of analysts' forecast. Microsoft co-founder Paul Allen's maritime plunge took an exciting yet somber turn, after he found the wreck of a once-feared World War II Japanese battleship that met its doom by enemy torpedoes decades ago near the Philippines. A new study reveals that more large companies in the U.S. are run by men with the names John, Robert, William or James than the total number of women CEOs. For each women CEO of S&P 1500 companies there are four men CEOs named John, Robert, William or James, according to a study conducted by the New...
comments powered by Disqus
Follow RTT