Jo-Ann Stores Inc. (JAS) announced a second quarter EPS loss of $0.13 after the close Wednesday, compared to the loss of $0.47 posted last year. The consensus estimate was for a loss of $0.39. The company expects to report full year 2010 EPS of $1.35 to $1.50, compared to the consensus estimate of $1.37.
Jo-Ann Stores gapped open sharply higher Thursday, but traded in a range for the majority of the session. The stock closed up by $2.19 at $27.84 on strong volume. Jo-Ann Stores has been climbing since early July and finished at a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.