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Ascena Retail Group (ASNA) Is Falling After Q1 Profit Met Expectations

Ascena Retail Group (ASNA) reported first quarter EPS of $0.11 after the bell Monday, down from $0.18 a year ago. The result was in line with analysts' expectations. The stock is now down 0.43 on 594K shares.

Ascena Retail Group was range-bound for the majority of Monday's session and closed up by 0.14 at $2.61 on above average volume. The stock rose to over a 2-month high.

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