Ann Taylor Goes from Loss to Profit in Q4

Filed under: Earnings Reports, Wal-Mart (WMT), Target Corp. (TGT)

Ann Taylor (ANN). Now there's a stock that drives me crazy. If you check out previous articles I've written on the retailer (here's one from November 2009; here's another from August 2009), you'll notice that I didn't have a great handle on where the stock was heading. It's tough sometimes to figure out how the market will judge the fundamentals of a situation, even if the fundamentals seem especially clear.

Anyway, the company reported fourth-quarter numbers earlier today. On an adjusted basis, profit came to 5 cents per share. A year ago, investors had to deal with a loss of $1.03 per share. Analysts thought a loss of a penny per share was in the cards. That's got to be worth a bid, right?

Continue reading Ann Taylor Goes from Loss to Profit in Q4

Ann Taylor Goes from Loss to Profit in Q4 originally appeared on BloggingStocks on Fri, 12 Mar 2010 17:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=65e191e4877c9584a5dfba6da4b837a3