True Religion 3rd 15 min net proceeds edges up
VERNON, Calif. (AP) Clothing company True Religion Inc. said Monday its third quarter net income rose in the first place expectations, helped by its wholesale happening.
The company, which is exploring strategic options, including putting itself up as bargain said net income for the three months finished Sept. 30 rose 2 percentage apt $12.three million,or 49 cents per share. That compares with $12.an million,alternatively 48 cents per share, last daily Analysts,aboard average expected 45 cents per share,according apt FactSet.
True Religion makes dividend jeans that retail for nearly $200, and other clothing. Revenue rose nine percent to $118.five million from $108.4 million a daily ago Analysts expected $113.2 million.
Revenue among stores open along least one year fell 4.7 percent The measure namely a opener gauge of a retailer's financial health because it excludes stores that open alternatively near during the year.
Net sales for its U.S. wholesale partition which means clothing sold through stores never owned by True Religion, rose 35 percent to $29.eight million. Sales by off-price and specialty stores drove the multiplication.
International revenue fell three percent to 22.seven million,pain by a slowdown within Korea and Germany.
The company immediately expects net income alternatively the annual of $1.80 apt $1.86 per share,aboard revenue of $458 million apt $463 million. Previously it had forecast revenue of $450 million apt $455 million.
Analysts,aboard average,anticipate $1.83 per share, with estimates ranging from $1.82 to $1.86. Wall Street's mean revenue projection is $453.3 million, with estimates ranging from $446.three million apt $456.two million.
For the fourth 15 min True Religion expects net income of 52 cents apt 58 cents per share,on revenue of $128 million to $133 million. Analysts,aboard mean,expect net income of 58 cents per share aboard revenue of $128 million.
Susan Anderson, an analyst with Citi Investment Research, saw reason apt be concerned among the decline amid sales along stores open at least a annual and the weakening of the company's U.S. retail affair She majestic it was the 1st time that diagram had turned negative since the company began reporting it surrounded the fourth 15 min of 2009.
"Additionally,meanwhile wholesale sales were up significantly, a basic driver of the increase was lower margin off-price sales," Anderson wrote among a memo to clients. "We continue apt be concerned about slowing U.S. sales, which has been driving earnings per share, and topline/profitability issues among international." She kept a "Neutral" rating on the stock, with a $27 cost target.
True Religion shares fell 95 cents,alternatively 3.six percent to $25.61 during a m trading. The stock started the session down 23 percentage so far this annual.
Buy nike red air max 90 shoes,please check out redairmax90.net
The company, which is exploring strategic options, including putting itself up as bargain said net income for the three months finished Sept. 30 rose 2 percentage apt $12.three million,or 49 cents per share. That compares with $12.an million,alternatively 48 cents per share, last daily Analysts,aboard average expected 45 cents per share,according apt FactSet.
True Religion makes dividend jeans that retail for nearly $200, and other clothing. Revenue rose nine percent to $118.five million from $108.4 million a daily ago Analysts expected $113.2 million.
Revenue among stores open along least one year fell 4.7 percent The measure namely a opener gauge of a retailer's financial health because it excludes stores that open alternatively near during the year.
Net sales for its U.S. wholesale partition which means clothing sold through stores never owned by True Religion, rose 35 percent to $29.eight million. Sales by off-price and specialty stores drove the multiplication.
International revenue fell three percent to 22.seven million,pain by a slowdown within Korea and Germany.
The company immediately expects net income alternatively the annual of $1.80 apt $1.86 per share,aboard revenue of $458 million apt $463 million. Previously it had forecast revenue of $450 million apt $455 million.
Analysts,aboard average,anticipate $1.83 per share, with estimates ranging from $1.82 to $1.86. Wall Street's mean revenue projection is $453.3 million, with estimates ranging from $446.three million apt $456.two million.
For the fourth 15 min True Religion expects net income of 52 cents apt 58 cents per share,on revenue of $128 million to $133 million. Analysts,aboard mean,expect net income of 58 cents per share aboard revenue of $128 million.
Susan Anderson, an analyst with Citi Investment Research, saw reason apt be concerned among the decline amid sales along stores open at least a annual and the weakening of the company's U.S. retail affair She majestic it was the 1st time that diagram had turned negative since the company began reporting it surrounded the fourth 15 min of 2009.
"Additionally,meanwhile wholesale sales were up significantly, a basic driver of the increase was lower margin off-price sales," Anderson wrote among a memo to clients. "We continue apt be concerned about slowing U.S. sales, which has been driving earnings per share, and topline/profitability issues among international." She kept a "Neutral" rating on the stock, with a $27 cost target.
True Religion shares fell 95 cents,alternatively 3.six percent to $25.61 during a m trading. The stock started the session down 23 percentage so far this annual.
Buy nike red air max 90 shoes,please check out redairmax90.net
airmaxcommand - 9. Nov, 08:35
