ADVERTISEMENT

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."

null

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

ADVERTISEMENT

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%.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Video footage of Asian man beating two Africans sparks racism comments online

Video footage of Asian man beating two Africans sparks racism comments online

East Africa’s future in energy shines brighter on the continent

East Africa’s future in energy shines brighter on the continent

Infinix NOTE 40 Series takes centre stage with all-round fastcharge 2.0

Infinix NOTE 40 Series takes centre stage with all-round fastcharge 2.0

Here are the new causes of Nigeria’s inflation according to the CBN governor

Here are the new causes of Nigeria’s inflation according to the CBN governor

Russian troops have entered base housing US military forces in Niger

Russian troops have entered base housing US military forces in Niger

Digitalisation: A revolution in financial services

Digitalisation: A revolution in financial services

Most valuable airline loyalty programs in Africa

Most valuable airline loyalty programs in Africa

Benin joins EBRD as the first Sub-Saharan African member

Benin joins EBRD as the first Sub-Saharan African member

Kentucky Derby betting sites 2024: Where to bet on the races online

Kentucky Derby betting sites 2024: Where to bet on the races online

ADVERTISEMENT