third-quarter earnings fell from a year ago because of a charge to write down the value of a midtown Manhattan store. Before the charge, earnings were little changed year-over-year.
The clothing seller earned $7.3 million, or 21 cents a share, on a $6.5 million charge. Excluding the item, the company earned $13.7 million, or 40 cents a share, compared with $13.6 million, or 40 cents, last year. Sales rose 3% to $207.1 million.
The consensus earnings estimate among analysts surveyed by First Call was 39 cents a share.
The company said it was comfortable with analysts' consensus estimate of 21 cents a share for the fourth quarter and sales up in the mid- to high single digits.