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Express tanks after announcing lackluster earnings and guidance (EXPR)

"Shares of American fashion retailer Express Inc. are down almost 10% during Wednesday's pre-trading session after lackluster earnings and guidance."

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Shares of retailer Express Inc. are down almost 10% during Wednesday's pre-trading session after lackluster earnings and guidance.

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The company reported net sales dropped 11% to $678.8 million in the fourth quarter of 2016 while diluted earnings per share fell to $0.29, from

Comparable sales dropped 13%.

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