Express (EXPR) Tops Q1 EPS by 2c, Posts Q2 Gudiance Slightly Below Expectations

May 24, 2011 4:04 PM EDT
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Express (NYSE: EXPR) reported Q1 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $467.4 million versus the consensus estimate of $459.7 million. Comps were up 8% for the quarter.

Express sees FY2011 EPS of $1.52-$1.61, versus prior guidance of $1.48-$1.60 and the consensus of $1.57. Express sees FY2011 revenue of (n/a).

The company forecasts Q2 EPS of $0.12 -$0.15 versus the consensus of $0.16.


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