Shares of True Religion Apparel Inc. dropped in Wednesday aftermarket trading after the jeans maker reported a third-quarter profit that fell short of Wall Street expectations, due in part to a decline in its wholesale business. The company also forecast a smaller full-year profit than analysts expect.
"Overall, we do not have anticipated progress in this section, chairman and chief executive, said:" Jeffrey Lubell.
For during July to September, true religion reported net income of $11.8 million, 48 points per share the profits to preserve down $58 cents per share, or, in the same quarter, a year ago.
Sales rose 12.5% revised 96.7 in September million dollars.
The latest survey shows that, quarter, analysts predict Thomson Reuters profits, 58 cents per share sales reached 94.1 million.
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