Tuesday Morning Corporation (NASDAQ:TUES) reported a wider loss for the fourth quarter, owing to higher expenses.
Net loss for the quarter widened to $2 million or $0.05 per share, as compared to $1.4 million or $0.03 per share in the same period last year. Adjusted loss was $0.7 million or $0.02 per share. Revenues totaled $196.4 million, up 0.8% from $194.8 million last year. Comparable store sales increased 0.2% year-over-year.
Looking ahead, the company expects fiscal 2013 net sales to be in the range of $820-$830 million, earnings per diluted share (EPS) to be in the range of $0.18-$0.23. Comparable store sales are planned to be roughly flat. Analysts are expecting the company to report revenue of $797 million and EPS of $0.19 for fiscal 2013.
Shares of TUES jumped 1.91% to $5.33.
Urban Outfitters, Inc. (NASDAQ:URBN) shares surged 17.46% to $36.74 in the after hour trading after the company’s second quarter profit increased from last year on strong growth across its mainstay brands.
The company posted second quarter net income of $61.3 million or $0.42 per share, up from $56.7 million or $0.35 per share in the same quarter last year. Net sales totaled $676 million, compared to $609 million in the comparable quarter last year. Analysts expected earnings of $0.33 per share on sales of $671.58 million. Shares of URBN jumped 18% to $36.90.
Fabrinet (NYSE:FN) stock increased 7.03% to $14.31 in the after hour trading after the company reported fourth quarter net income of $7.5 million or $0.22 per share, as compared to $16.7 million or $0.48 per share for the year-ago quarter. Adjusted net income for the fourth quarter was $10.7 million or $0.31 per share, as compared to $17.5 million or $0.50 per share in the prior year quarter. Total revenue fell 25% to $142.8 million from $190.3 million a year earlier.
Looking forward, the company expects first quarter of 2013 revenue to be in the range of $145-$149 million, GAAP net income per share to be in the range of $0.28-$0.30 with expected non-GAAP net income per share (EPS) of $0.30-$0.32. Analysts are expecting the company to report revenue of $161 million and EPS of $0.34 for first quarter of 2013. Shares of FN fell 2% to $13.11.