Aeropostale Q2 Results Miss Estimates

(RTTNews) - Teen apparel retailer Aeropostale, Inc. (ARO) reported a net loss for the second quarter of $43.7 million or $0.55 per share, compared to a net loss of $63.3 million or $0.81 per share for the year-ago quarter.

Excluding items, adjusted net loss for the latest quarter was $44.8 million or $0.56 per share, compared to an adjusted net loss of $36.0 million or $0.46 per share in the same quarter last year.

Net sales for the second quarter fell 17% to $326.9 million from $396.2 million in the prior year quarter.

Analysts poled by Thomson Reuters expected the company to report a loss of $0.55 per share on revenue of $335.67 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward, the company forecasts a third quarter adjusted net loss in the range of $0.30 to $0.38 per share. Analysts currently expect the company to report a loss of $0.31 per share for the third quarter.