Bebe stores Inc. Earnings: Back in the Black
bebe stores inc. (NASDAQ:BEBE) reported its results for the second 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 Second Quarter
Results: Reported a profit of $6.6 million (8 cents per diluted share) in the quarter. The apparel store had a net loss of $2.7 million or a loss of 3 cents per share in the year earlier quarter.
Revenue: Rose 11.6% to $152 million from the year earlier quarter.
Actual vs. Wall St. Expectations: bebe stores inc. beat the mean analyst estimate of 7 cents per share. It beat the average revenue estimate of $146.8 million.
The company has now topped analyst estimates for the last three quarters. It beat the mark by 2 cents in the first quarter and by 2 cents in the fourth quarter of the last fiscal year.
Looking Forward: Expectations for the company’s next quarter performance are more favorable than they were a month ago. The average estimate for the third quarter is now at one cent per share, up from one cent. Over the past three months, the average estimate for the fiscal year has climbed from 19 cents per to share to 21 cents.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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