Bebe Stores Earnings: Profit Miss Disappoints Investors
Bebe Stores, Inc. (NASDAQ:BEBE) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat was not enough as investors are disappointed by the profit miss. Shares are down 4.07%.
Bebe Stores, Inc. Earnings Cheat Sheet
Results: Net loss of $4.8 million (loss of 6 cents per diluted share) in the quarter versus a net loss of $6.56 million in the year-earlier quarter.
Revenue: Decreased 10.85% to $135.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bebe Stores, Inc. reported adjusted net loss of 6 cents per share. By that measure, the company missed the mean analyst estimate of a net loss of $0.01. It beat the average revenue estimate of $132.17 million.