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Chico's misses Street 2Q forecasts

FT MYERS, Fla. (AP) _ Chico's FAS Inc. (CHS) on Wednesday reported fiscal second-quarter net income of $22.7 million.

On a per-share basis, the Ft Myers, Florida-based company said it had profit of 18 cents.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The clothing chain posted revenue of $578.6 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $579.6 million.

Chico's shares have dropped 46 percent since the beginning of the year. The stock has dropped 34 percent in the last 12 months.

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

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Keywords: Chico's FAS, Earnings Report