U.S. Markets close in 5 hrs 31 mins

Destination XL posts 4Q profit

CANTON, Mass. (AP) _ Destination XL Group Inc. (DXLG) on Monday reported fiscal fourth-quarter net income of $1.8 million, after reporting a loss in the same period a year earlier.

The Canton, Massachusetts-based company said it had profit of 4 cents per share. Earnings, adjusted for pretax gains, came to 2 cents per share.

The retailer of big and tall apparel posted revenue of $122.6 million in the period.

For the year, the company reported that its loss narrowed to $2.3 million, or 5 cents per share. Revenue was reported as $450.3 million.

Destination XL expects full-year results to range from a loss of 14 cents per share to a loss of 6 cents per share, with revenue in the range of $470 million to $480 million.

The company's shares closed at $2.40. A year ago, they were trading at $4.98.

_____

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

_____

Keywords: Destination XL, Earnings Report