COLUMBUS, Ohio (AP) _ Express Inc. (EXPR) on Thursday reported fiscal first-quarter net income of $517,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Columbus, Ohio-based company said it had profit of 1 cent.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The clothing and accessories chain posted revenue of $479.4 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $463.9 million.
Express expects full-year earnings to be 37 cents to 47 cents per share.
Express shares have decreased nearly 10 percent since the beginning of the year. The stock has risen 14 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXPR at https://www.zacks.com/ap/EXPR