New York & Company, Inc. Announces First Quarter 2015 Results
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Brean Capital Bullish Following New York & Co. (NWY) Q1; Says Turnaround is Happening
May 22, 2015 7:32 AM EDTBrean Capital reiterates a Buy rating and $4 price target on New York & Co (NYSE: NWY) following Q1 results. Analyst Liz Pierce says that despite weaker-than-expected results, Q2 is off to a strong start, and the turnaround is happening. Q2 guided operating income between $1-$2M
Pierce commented on NWY, saying, "Yesterday NWY reported non-GAAP EPS of ($0.03), while missing our/Street estimate of flat... More
New York & Co. (NWY) Misses Q1 EPS by 3c, Comps Increase 1.8%, Offers Outlook
May 21, 2015 4:12 PM EDTNew York & Co. (NYSE: NWY) reported Q1 EPS of ($0.03), $0.03 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $223.4 million versus the consensus estimate of $229.09 million.
Outlook:
Regarding expectations for the second quarter of fiscal year 2015, the Company is providing the following guidance:Net sales and comparable store sales are expected to... More