Citi Trends (CTRN) released Loss for its second quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line came in at -$18.413 million, or -$2.21 per share. This compares with -$5.032 million, or -$0.61 per share, in last year's second quarter.
Analysts on average had expected the company to earn -$0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.7% to $176.552 million from $173.554 million last year.
Citi Trends earnings at a glance (GAAP) :
-Earnings (Q2): -$18.413 Mln. vs. -$5.032 Mln. last year.
-EPS (Q2): -$2.21 vs. -$0.61 last year.
-Revenue (Q2): $176.552 Mln vs. $173.554 Mln last year.
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