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New York & Co. posts 3Q profit

NEW YORK (AP) _ New York & Co. (NWY) on Wednesday reported fiscal third-quarter net income of $352,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had net income of 1 cent. Earnings, adjusted for severance costs and non-recurring costs, were 2 cents per share.

The women's fashion and accessories retailer posted revenue of $214.2 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $2.05. A year ago, they were trading at $2.12.


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