Saturday, October 6, 2012

JCG: Q3 Beats; Q4 View In Line; Stock Up 6%

Is the best over for J Crew (JCG)? Doesn’t look like it this evening. The company this afternoon reported Q3 revenue rose 14%to $414 million versus analysts’ estimates of $407 milion, yielding profit per share of 67 cents versus 58 cents expected. However, the company forecast profit this quarter of 37 cents a share to 42 cents, which at the midpoint is below the current 40-cent estimate. Shares rose a modest $2.59, 6%, to $43.44 in after-hours trading after rising 1% during the regular session.

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