Daily Journal masthead

Express raises 4Q, full-year profit forecasts, partly on performance during holiday season

bug
Share/Save/Bookmark

NEW YORK — The retailer Express is raising its fourth-quarter and full-year profit forecasts, citing its performance during the critical holiday season and expectations for the remainder of the period.

The Columbus, Ohio-based company's stock edged up in Tuesday premarket trading.

Express now foresees fourth-quarter profit in a range of 63 cents to 65 cents per share. Its previous outlook was for 60 cents to 64 cents per share.

Analysts polled by FactSet predict 63 cents per share.

For the full-year, the company now expects an adjusted profit between $1.41 and $1.43 per share. Its prior guidance was for $1.38 to $1.42 per share.

Wall Street is looking for a full-year profit of $1.41 per share.

Express Inc. said that it expects to report its fourth-quarter and full-year financial results the week of March 6.

Shares rose 22 cents, or 1.3 percent, to $16.75 before the market open after rising as high as $17.06 earlier.

Think your friends should see this? Share it with them!

Story copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2016 Daily Journal, a publication of AIM Media Indiana unless otherwise noted.
All rights reserved. Privacy policy.