NEW YORK ( TheStreet) -- J. Crew ( JCG) is steadily rowing along, as its quarterly profit beat Wall Street estimates. Even better, the apparel retailer said third-quarter earnings will likely come in above current forecasts.

Shares of the company received a 2% boost in after-market trading to $33.46.

News You Need

In the just-ended quarter, the company said it earned $18.6 million, or 29 cents a share, compared with $18.1 million, or 28 cents a share, in the year-ago period. Analysts expected the company to earn 15 cents a share.

Revenue rose 6% to $357.6 million from $336.3 million, but same-store sales slipped 5%.

Looking ahead, J.Crew forecast third-quarter earnings in the range of 30 cents to 33 cents, a bit higher than the 30 cents predicted by analysts.

-Reported by Jeanine Poggi in New York.
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

If you liked this article you might like

Cramer's 'Mad Money' Recap: Sparking a Comeback

J. Crew Group Management Discusses Q2 2012 Results - Earnings Call Transcript

J. Crew Group Management Discusses Q1 2012 Results - Earnings Call Transcript

Cramer's 'Mad Money' Recap: Big Government Not Protecting the Little Guys

J. Crew Group Management Discusses Q4 2011 Results - Earnings Call Transcript