NEW YORK -- J. Crew Group (JCG) said Tuesday its third-quarter earnings fell 29% on lower sales at existing stores and slimmer margins, but the results still topped analysts' expectations.The retailer also slashed its earnings prediction for the full year, citing the tough economic environment.
J. Crew Profit Sinks 30%, but Still Beats
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.