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Ascena Retail: Fiscal 2Q Earnings Snapshot

MAHWAH, N.J. (AP) _ Ascena Retail Group Inc. (ASNA) on Monday reported a loss of $97.4 million in its fiscal second quarter.

The Mahwah, New Jersey-based company said it had a loss of $9.76 per share. Losses, adjusted for one-time gains and costs, were $4.95 per share.

The owner of clothing retail chains posted revenue of $1.22 billion in the period.

For the current quarter ending in May, Ascena Retail said it expects revenue in the range of $1.05 billion to $1.08 billion.

In the final minutes of trading on Monday, the company's shares hit $2.87. A year ago, they were trading at $38.20.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASNA at https://www.zacks.com/ap/ASNA