Express (EXPR) Releases Earnings Results, Beats Expectations By $0.02 EPS

Express (EXPR) announced its most recent quarterly financial results on Thursday, Dec-1-2016. EXPR said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.13. The company posted revenue of $506.10 million in the period, compared to analysts expectations of $497.26 million. During the same quarter in the previous year, the company posted $0.31 EPS.

Express closed down -0.38 points or -2.74% at $13.48 with 27,10,504 shares getting traded on Tuesday. Post opening the session at $13.86, the shares hit an intraday low of $13.46 and an intraday high of $13.91 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Apr 15, 2016, John J Rafferty (EVP – Planning and Allocation) sold 10,000 shares at $20.00 per share price. According to the SEC, on Apr 13, 2016, Matthew C Moellering (EVP & Chief Operating Officer) sold 8,000 shares at $20.02 per share price. On Mar 24, 2016, Michael A Weiss (director) sold 50,000 shares at $21.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Express Inc. is a specialty apparel and accessories retailer offering both women’s and men’s merchandise targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles including work casual jeans wear and going-out occasions. The Company operates one segment which includes the operation of its brick-and-mortar retail and outlet stores e-commerce operations and franchise operations. The Company sells its products through its e-commerce Website and has franchise agreements with franchisees that operate Express locations in Latin America the Middle East and South Africa. The Company operates approximately 641 stores across the United States in Canada and in Puerto Rico including 41 factory outlet stores.


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