New York & Company rises after beating Q1 expectations
New York & Company, Inc. (NYSE:NWY) shares are up 5% after the women’s apparel retailer said late Wednesday that its profit from continuing operations during the first quarter totaled $6.7 million, or $0.11 per share, above Wall Street’s estimate $0.10 per share. A year earlier, the firm’s profit from continuing operations was $5.2 million, or $0.08 per share. Quarterly sales fell to $270.1 million from $274.2 million a year ago. Wall Street analysts anticipated $269.8 million in sales.
In Thursday afternoon trading, NWY shares are up 5.92%, or $0.43, to $7.61. For detailed price information and recent news stories about New York & Company, click NWY.
