Shares of Payless ShoeSource(PSS Quote) were among the NYSE's losers Wednesday, sliding 10% after the shoe retailer posted second-quarter earnings that missed expectations.
For the three months ended July 29, the company earned $32.5 million, or 48 cents a share, on revenue of $706.4 million. Analysts polled by Thomson First Call expected earnings of 53 cents a share and revenue of $703.8 million. During the year-earlier quarter, the company earned $19.9 million, or 29 cents a share, on revenue of $639.9 million. Shares were trading down $2.63 to $23.41.
Regis(RGS Quote) fell 4% after the operator of hair salons posted better-than-expected fourth-quarter earnings but offered mixed guidance. For the period ended June 30, the company reported first-quarter earnings of $41.5 million, or 90 cents a share. The results included a $50 million termination fee from the company's scuttled merger with Alberto-Culver(ACV Quote) and one-time charges totaling $28.4 million. ...
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