REFILE-Express first-quarter profit forecast misses estimate

Wed Mar 12, 2014 7:29am EDT

March 12 (Reuters) - Apparel retailer Express Inc forecast a profit for the current quarter that fell far short of analyst expectations, citing deep discounting and a steeper-than-expected fall in store traffic.

Express said it expects first-quarter earnings of 12 cents to 18 cents per share, below analysts' average forecast of 41 cents per share, according to Thomson Reuters I/B/E/S.