Aeropostale drops on steep losses
Jon "DRJ" Najarian | [email protected]
Expects More Losses for Current Quarter
The company became the latest in a string of teen retailers to miss quarterly forecasts when it reported an adjusted loss of $0.34 per share, wider than the $0.24 EPS loss expected by analysts. Revenues came in at $454 million, meeting consensus estimates. Aeropostale also said it expects a loss of $0.21 to $0.26 for the current quarter. ARO is falling nearly 13 percent to $9.57 on my tradeMONSTER extended-hours platform.
Pandora Falls on Disappointing Guidance
The online radio company reported second-quarter earnings of $0.04 per share on revenues of $157.4 million, above the consensus estimates of $0.02 EPS and $156.3 million in revenues. But Pandora said it expects earnings to come in between $0.03 and $0.06 per share for the current quarter, falling short of the $0.08 EPS that analysts had been looking for. P is down more than 7.5 percent to $20.07 in pre-market trading.