Ann Taylor out of style with investors after Q3 report

Filed under: Earnings reports

I was wrong about Ann Taylor Stores Corp. (ANN). Thought it might make a possible earnings trade. Well, Q3 earnings are out, and it looks like the market has given a thumbs down to my thesis. At the time of this writing, shares were off by almost 4%.

It's funny, because Ann Taylor has done so well in 2009 as a stock that one could have supposed that a wide earnings beat would serve as a catalyst for capital appreciation. The retailer made 20 cents per share on an adjusted basis. According to my earnings preview, 6 cents was the analyst number. I mean, come on, that's an example of solid performance, correct?

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Ann Taylor out of style with investors after Q3 report originally appeared on BloggingStocks on Fri, 20 Nov 2009 17:20:00 EST. Please see our terms for use of feeds.

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