Aeropostale said it expects a loss of 37 cents to 44 cents a share for the fourth quarter, below analysts' estimates of a loss of 36 cents a share for the quarter.
The clothing retailer reported a loss of 45 cents a share for the third quarter, in-line with analysts' estimates for the quarter. Revenue fell 12% year over year to $452.9 million for the quarter, beating analysts' estimates of $444.73 million.
Aeropostale announced that it plans to close 75 stores in the fourth quarter, and is considering closing 50 to 75 additional stores in 2015.
TheStreet Ratings team rates AEROPOSTALE INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AEROPOSTALE INC (ARO) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally high debt management risk and generally disappointing historical performance in the stock itself."