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Express Inc Raises Q4, FY 2012 EPS Guidance; Raises Q4, FY 2012 Comparable Sales Guidance


Monday, 14 Jan 2013 06:15pm EST 

Express Inc raised fourth quarter 2012 guidance and expects comparable sales to range from flat to up 1%, compared to previous expectation of a decrease in the low single digit range. Net income is expected in the range of $61 to $63 million, or $0.72 to $0.74 per diluted share. This compares to the Company's previous guidance of $53 to $58 million, or $0.62 to $0.68 per diluted share. Based on its increased fourth quarter outlook, the Company is adjusting its fiscal 2012 guidance. Comparable sales are now expected to be approximately flat compared to the previous expectation of a decrease in the low single digit range. Net income for the fifty-three week period in 2012 is currently estimated at $136 to $138 million, or $1.56 to $1.59 per diluted share. This compares to the Company's previous expectation of $128 to $133 million, or $1.47 to $1.53 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.66 for fourth quarter of 2012; EPS of $1.50 for fiscal 2012. 

Company Quote

14.2
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18 Dec 2014