Regis Corp. (RGS) reported first quarter net income of $7.77 million or $0.14 per share, compared to net income of $14.49 million or $0.34 per share last year.
Income from continuing operations was $4.61 million or $0.09 per share, compared to $16.09 million or $0.37 per share in the same quarter last year.
Absent non-operational items, the company's first quarter operational earnings were $0.30 per diluted share.
On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share. Analysts' estimates typically exclude special items.
Revenues for the quarter declined 1.3% to $605.55 million from $613.53 million in the year ago quarter. Seven analysts estimated revenues of $597.83 million.
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