Express Slid Over 10% in Morning Trading After Mixed Financial Results

Tiger Newspress2022-08-31

Express Inc shares are trading lower Wednesday after the company reported mixed financial results and cut guidance.

Express said second-quarter revenue increased 2% year-over-year to $464.9 million, which missed average analyst estimates of $479.62 million. The company reported quarterly earnings of 10 cents per share, which beat average analyst estimates of 9 cents per share.

Express said it ended the quarter with $37.7 million in cash and equivalents. Inventory reached $346.2 million at the end of the quarter, up 30% year-over-year.

"While we have lowered our outlook for the back half of this year to reflect the uncertainty of macroeconomic conditions, we remain committed to our long-term objective of a mid-single digit operating margin," said Tim Baxter, CEO of Express.

Express expects third-quarter comparable sales to decrease mid-single digits. Full-year comparable sales are expected to increase in the mid-single digits. Express said it expects a full-year net loss of 16 cents to 22 cents per share.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

31

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1126190362?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-31 21:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1126190362","market":"us","top_or_hot":-1,"title":"Express Slid Over 10% in Morning Trading After Mixed Financial Results","media":"Tiger Newspress","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/EXPR\">Express Inc</a> shares are trading lower Wednesday after the company reported mixed financial results and cut guidance.</p><p><img src=\"https://static.tigerbbs.com/05ddab809b174229e7894f83ca55e01d\" tg-width=\"851\" tg-height=\"667\" width=\"100%\" height=\"auto\"/></p><p>Express said second-quarter revenue increased 2% year-over-year to $464.9 million, which missed average analyst estimates of $479.62 million. The company reported quarterly earnings of 10 cents per share, which beat average analyst estimates of 9 cents per share.</p><p>Express said it ended the quarter with $37.7 million in cash and equivalents. Inventory reached $346.2 million at the end of the quarter, up 30% year-over-year.</p><p>&#34;While we have lowered our outlook for the back half of this year to reflect the uncertainty of macroeconomic conditions, we remain committed to our long-term objective of a mid-single digit operating margin,&#34; said Tim Baxter, CEO of Express.</p><p>Express expects third-quarter comparable sales to decrease mid-single digits. Full-year comparable sales are expected to increase in the mid-single digits. Express said it expects a full-year net loss of 16 cents to 22 cents per share.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Express Slid Over 10% in Morning Trading After Mixed Financial Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExpress Slid Over 10% in Morning Trading After Mixed Financial Results\n</h2>\n\n<h4 class=\"meta\">\n\n2022-08-31 21:46 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Express Inc shares are trading lower Wednesday after the company reported mixed financial results and cut guidance.Express said second-quarter revenue increased 2% year-over-year to $464.9 million, ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EXPR","symbol_name":"Express, Inc.","start_time":0,"source_url":"","article_id":"1126190362","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1126190362","pubTimestamp":1661953564,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Express Inc shares are trading lower Wednesday after the company reported mixed financial results an","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EXPR":"Express, Inc."},"translate_title":"在财报喜忧参半后，Express在早盘交易中下跌超过10%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EXPR":0.9},"content_text":"Express Inc shares are trading lower Wednesday after the company reported mixed financial results and cut guidance.Express said second-quarter revenue increased 2% year-over-year to $464.9 million, which missed average analyst estimates of $479.62 million. The company reported quarterly earnings of 10 cents per share, which beat average analyst estimates of 9 cents per share.Express said it ended the quarter with $37.7 million in cash and equivalents. Inventory reached $346.2 million at the end of the quarter, up 30% year-over-year.\"While we have lowered our outlook for the back half of this year to reflect the uncertainty of macroeconomic conditions, we remain committed to our long-term objective of a mid-single digit operating margin,\" said Tim Baxter, CEO of Express.Express expects third-quarter comparable sales to decrease mid-single digits. Full-year comparable sales are expected to increase in the mid-single digits. Express said it expects a full-year net loss of 16 cents to 22 cents per share.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":31,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1126190362"}