Kirklands Inc (KIRK) reported a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $8.02 million, or $0.51 per share. This compares with $10.11 million, or $0.78 per share, last year.
Excluding items, Kirklands Inc reported adjusted earnings of $8.52 million or $0.54 per share for the period.
Analysts on average had expected the company to earn $0.59 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 10.3% to $148.89 million from $165.94 million last year.
Kirklands Inc earnings at a glance (GAAP) :
-Earnings: $8.02 Mln. vs. $10.11 Mln. last year.
-EPS: $0.51 vs. $0.78 last year.
-Revenue: $148.89 Mln vs. $165.94 Mln last year.
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