U.S. Markets closed

Ascena Retail reports 2Q loss

MAHWAH, N.J. (AP) _ Ascena Retail Group Inc. (ASNA) on Monday reported a loss of $35.2 million in its fiscal second quarter.

On a per-share basis, the Mahwah, New Jersey-based company said it had a loss of 18 cents. Losses, adjusted for one-time gains and costs, came to 7 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The owner of clothing retail chains posted revenue of $1.75 billion in the period, meeting Street forecasts.

For the current quarter ending in May, Ascena Retail expects its per-share earnings to range from 7 cents to 12 cents.

The company expects full-year earnings in the range of 37 cents to 42 cents per share.

In the final minutes of trading on Monday, the company's shares hit $4.50. A year ago, they were trading at $9.65.

_____

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

_____

Keywords: Ascena Retail Group, Earnings Report