J. Crew Sells Off on Q2 News

Filed under: Earnings Reports

J. Crew Group (JCG) is currently being sold in the after-hours session. At the time of this writing, shares were off by 7%. At a quote of $31.04, the company has hit a 52-week low.



The retailer reported results for the second quarter (you can check out the press release at the company's site for investors). The numbers were good for the most part. Net income on a reported basis jumped to 53 cents per share from the 29 cents per share booked last year. Reuters says that the adjusted number was 50 cents per share. According to our earnings preview, 46 cents per share was the figure to beat. Gross margin experienced an expansion, which is always helpful.

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J. Crew Sells Off on Q2 News originally appeared on BloggingStocks on Thu, 26 Aug 2010 17:45:00 EST. Please see our terms for use of feeds.

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J.Crew - BloggingStocks - Net income - Gross margin - Press release

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