Kirkland's Q3 Results Miss Estimates

RTTNews | 1001 dias atrás
Kirkland's Q3 Results Miss Estimates

(RTTNews) - Specialty retailer Kirkland's, Inc. (KIRK) reported Friday a third-quarter net loss of $7.3 million or $0.58 per share, compared to net income of $7.2 million or $0.51 per share in the prior-year quarter.

Excluding items, adjusted net loss for the quarter was $4.8 million or $0.38 per share, compared to an adjusted net income of $7.3 million or $0.51 per share in the year-ago quarter.

On average, three analysts polled by Thomson Reuters expected the company to report a loss of $0.32 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net sales for the quarter declined to $131.0 million from $143.6 million in the same quarter last year. Comparable sales decreased 7.0 percent. Analysts expected revenues of $134.26 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Marcadores : KIRK
read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 10h 58min atrás
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 13h 47min atrás
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 14h 16min atrás
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 17h 20min atrás
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 18h 3min atrás