Talbots Down after Steep 4Q Loss – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/19101/Talbots+Down+after+Steep+4Q+Loss++-+Zacks+Tale+of+the+TapePosted on Tuesday, April 14th, 2009 | In Market Commentary, Stocks to Watch
Shares of Talbots Inc. (TLB) are down more than 27% today after the company reported a wider than-expected fiscal fourth-quarter loss late Monday.
Talbots incurred a loss of $2.40 per share, excluding items, versus the consensus estimate for a loss of 67 cents.
The company expects to post a fiscal first quarter loss in the range of 52 cents to 47 cents per share. Analysts were expecting the company to incur a loss of one cent.
Talbots did not provide its full-year earnings forecast due to the ongoing uncertainty in U.S. economic conditions. The full-year average earnings estimate for the current fiscal year is pegged at a loss of 79 cents per share, compared to the 2 months-ago level for a loss of 78 cents.
Talbots, which is a Zacks #4 Rank (”Sell”) company is trading on heavy volume of 1.1 million shares against the daily average of 457,345.
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