Apparel company, The Jones Group Inc.(JNY) reported a fourth quarter loss in earnings, but beat analysts estimates on Wednesday.
The New York, NY based company reported a fourth quarter loss of -$80.3 million, or -$1.06 per share, compared with a loss of -$21.1 million, or 27 cents per share last year. Excluding special items, the company saw earnings of of 14 cents per share, compared to 10 cents per share last year. On average, analysts expected to see earnings of 9 cents per share.
Revenue for the quarter was $972 million, up 8% from $894 million last year. Analysts expected revenue of $955.28 million for the quarter.
Additionally, the company reported that its board has approved a regular quarterly dividend of 5 cents per share. The dividend will be payable on March 15 to shareholders of record on March 1.
The Jones Group shares were most flat during premarket trading Wednesday. The stock has increased 24% in the past year.
The Bottom Line
Shares of The Jones Group Inc.(JNY) have a 1.66% yield, based on Tuesday’s closing price of $12.06.
The Jones Group Inc.(JNY) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
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