Bebe Stores Earnings: Profit Miss Disappoints Investors
Bebe Stores, Inc. (NASDAQ:BEBE) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat was not enough as investors are disappointed by the profit miss. Shares are down 4.07%.
Bebe Stores, Inc. Earnings Cheat Sheet
Results: Net loss of $4.8 million (loss of 6 cents per diluted share) in the quarter versus a net loss of $6.56 million in the year-earlier quarter.
Revenue: Decreased 10.85% to $135.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bebe Stores, Inc. reported adjusted net loss of 6 cents per share. By that measure, the company missed the mean analyst estimate of a net loss of $0.01. It beat the average revenue estimate of $132.17 million.
Revenue increased 15.72% from $117.09 million in the previous quarter. Net income increased to $0 in the quarter versus a net loss of $2.58 million in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0 and has not changed. For the current year, the average estimate has moved down from a profit of $0.02 to a loss of $0 over the last ninety days.
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(Company fundamentals provided by Xignite Financials.)