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American Apparel Inc (AMEX:APP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 10.08%.
American Apparel Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.04 in the quarter versus EPS of $-0.21 in the year-earlier quarter.
Revenue: Rose 9.79% to $173 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: American Apparel Inc reported adjusted EPS income of $0.04 per share. By that measure, the company beat the mean analyst estimate of $-0.02. It beat the average revenue estimate of $172.38 million.
Quoting Management: Dov Charney, Chairman and CEO of American Apparel, Inc., stated, “We are pleased with our fourth quarter results that again show solid growth and continuing momentum in all business segments and almost all major geographies. Significant sales growth, operating expense control and the acceleration of leverage of our fixed costs allowed us to increase EBITDA performance to $17.8 million for the fourth quarter of 2012 from $9.1 million for the fourth quarter of 2011. For the full year, EBITDA increased to $36.6 million from $14.5 million in the prior year. Although we are pleased with this growth, we are focused on continuing to improve our financial performance. During this past year, we have carefully invested in systems and infrastructure to facilitate future growth.”
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