announced that its board has authorized the repurchase of up to $350 million in common stock, which replaces all other buyback plans. The company also declared a cash dividend of 9 cents which will be payable on August 5 to shareholders of record as of August 1. The stock was unchanged at $20.52.
reported a loss of $4.6 million, or 30 cents a share, for the first quarter ended April 30, versus earnings of $1.9 million, or 12 cents a share, a year ago. Revenue for the quarter was $144.9 million. Analysts expected a loss of 31 cents a share on revenue of $144.6 million, according to Thomson First Call. Same store sales decreased 16% for the first quarter, compared with an increase of 8% a year ago. For the second quarter, the company expects a loss of 40 cents to 45 cents a share, well below Wall Street's forecast of a loss of 16 cents a share. The stock was down $3, or 21.45%, to $10.95 in after-hours trading.
reported a loss of $4.4 million, or 7 cents a share, for the third quarter ended April 30, versus a loss of $2.2 million, or 3 cents a share, a year ago. Revenue for the quarter was $15.2 million. Excluding items, the company lost $2 million, or 3 cents a share. Analysts expected a break-even on revenue for $14.9 million, according to Thomson First Call. The stock was down 70 cents, or 22.88%, to $2.36 in after-hours trading.
announced its board has authorized the repurchase of up to an additional $250 million of its common stock. As of the close of the close of business on April 18, the company had approximately $6 million remaining on its previous authorization. The stock was unchanged at $38.12.