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Ascena Retail Group (ASNA) Jumped To A 2-Month Low On Q2 Results

Ascena Retail Group (ASNA) reported second quarter adjusted earnings per share from continuing operations of $0.26 after the bell Monday, down from $0.40 per share last year. The consensus estimate was for EPS of $0.23.

Ascena Retail Group gapped open sharply higher Tuesday, but was range-bound throughout the session. Shares finished with a gain of 2.37 at $18.90 on strong volume. The stock leaped to over a 2-month high and re-crossed its 50-day moving average.

by RTT Staff Writer

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