REYNOLDSBURG, Ohio (AP) — REYNOLDSBURG, Ohio (AP) — Victoria’s Secret & Co. (VSCO) on Friday reported a loss of $37.3 million in its fiscal third quarter.
On a per-share basis, the Reynoldsburg, Ohio-based company said it had a loss of 46 cents. Losses, adjusted for one-time gains and costs, came to 27 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The retailer of lingerie, pajamas and beauty products posted revenue of $1.47 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.41 billion.
For the current quarter ending in January, Victoria’s Secret expects its per-share earnings to range from $2.20 to $2.45.
The company said it expects revenue in the range of $2.17 billion to $2.2 billion for the fiscal fourth quarter.
Victoria’s Secret expects full-year earnings in the range of $2.40 to $2.65 per share, with revenue ranging from $6.45 billion to $6.48 billion.
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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 VSCO at https://www.zacks.com/ap/VSCO
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