New York & Company Earnings: Here’s Why Shares are Down Now

New York & Company Inc. (NYSE:NWY) 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 down 17.58%.

New York & Company Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.1 in the quarter versus EPS of $-0.18 in the year-earlier quarter.

Revenue: Rose 7.34% to $291.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: New York & Company Inc. reported adjusted EPS income of $0.1 per share. By that measure, the company beat the mean analyst estimate of $0.09. It beat the average revenue estimate of $287.16 million.

Quoting Management: Gregory Scott, New York & Company’s CEO, stated: “We capped fiscal year 2012 with solid fourth quarter results that included increased sales, positive comparable store sales, significant gross margin expansion and a dramatic improvement in our operating results. Our performance was driven by strong progress made against our strategic initiatives – our Six Keys to Success – which provides a strong foundation for us to continue to improve our operating results in 2013.”

Key Stats (on next page)…