Tuesday, J. Crew Group Inc. (JCG) reported third-quarter net income of $43.9 million or $0.67 per share, compared to net income of $19.0 million or $0.30 per share in the same quarter last year.
On average, 23 analysts polled by Thomson Reuters expected the company to earn $0.58 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter increased 14% to $414.1 million from $363.1 million in the comparable quarter last year. Analysts expected the company to report revenue of $407.99 million for the quarter.
Looking ahead to the fourth quarter, the company expects earnings in the range of $0.37 - $0.42 per share. Analysts currently anticipate the company to earn $0.40 per share for the quarter.
For comments and feedback: editorial@rttnews.com