June 06, 2013 at 17:26 PM EDT
Earnings Drop For Ascena Retail Group

Ascena Retail Group Inc. (Nasdaq: ASNA) reported lower third quarter earnings of 19 cents per share compared with 31 cents per share last year that missed expectations even as revenue soared prompting the apparel retailer to cut its full year earnings guidance. The stock price tumbled $1.73 to close at $18.13.

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