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REFILE-Express first-quarter profit forecast misses estimate
March 12, 2014 / 11:16 AM / 4 years ago

REFILE-Express first-quarter profit forecast misses estimate

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.

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