HOUSTON (AP) _ Tailored Brands Inc. (TLRD) on Wednesday reported fiscal fourth-quarter net income of $6.2 million, after reporting a loss in the same period a year earlier.
The Houston-based company said it had net income of 12 cents per share. Losses, adjusted for non-recurring gains, came to 28 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The specialty apparel retailer posted revenue of $785.8 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $786.4 million.
For the year, the company reported profit of $83.2 million, or $1.64 per share. Revenue was reported as $3.24 billion.
For the current quarter ending in May, Tailored Brands expects its per-share earnings to range from 10 cents to 15 cents.
Tailored Brands shares have fallen 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.69, a fall of 50 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TLRD at https://www.zacks.com/ap/TLRD
