Bebe stores Earnings: Loss Narrows, Misses Estimates
bebe stores inc. (NASDAQ:BEBE) reported its results for the third quarter. Bebe Stores designs, develops, and produces a distinctive line of contemporary women’s apparel and accessories.
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bebe stores inc Earnings Cheat Sheet for the Third Quarter
Results: Loss narrowed to $214,000 (loss of 0 cents per diluted share) from $2.6 million (loss of 3 cents per share) in the same quarter a year earlier.
Revenue: Rose 10.5% to $121 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: bebe stores inc. fell short of the mean analyst estimate of one cent per share. Analysts were expecting revenue of $118.7 million.
After beating analyst estimates for the two previous quarters, the company fell short of forecasts. In the second quarter, it topped the mark by one cent, and in the first quarter, it was ahead by 2 cents.
Looking Forward: For next quarter, analysts have a more positive outlook about the company’s expected results. The average estimate for the fourth quarter is 11 cents per share, up from 9 cents ninety days ago. The average estimate for the fiscal year has seen a bump from 20 cents per share sixty days ago to 21 cents.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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