Ascena Retail Group Q3 Adj. Profit Beats Estimate - Quick Facts

(RTTNews) - Ascena Retail Group Inc. (ASNA) Tuesday reported third-quarter profit of $33.2 million or $0.20 per share, compared to $31.2 million or $0.19 per share in the same period last year.

Income from continuing operations rose to $35.6 million or $0.22 per share from $32.9 million or $0.20 per share in the prior year period.

Adjusted net income for the latest third quarter was $44.8 million or $0.27 per share, compared to $42.2 million or $0.26 per share in the year-ago period. On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 0.3% to $1.15 billion from $1.14 billion last year, while ten analysts expected sales of $1.17 billion.

Looking ahead, the company is maintaining its full-year earnings in the range of $1.00 to $1.05 per share. Analysts currently expect full-year earnings of $1.05 per share.