NEW YORK (TheStreet) -- Francesca's Holdings (FRAN - Get Report) stock is rising by 5.49% to $16.23 on heavy trading volume on Wednesday, after the company reported better than expected revenue for the fiscal 2015 third quarter. Earnings met estimates.
Revenue increased by 19% year-over-year to $103.73 million for the quarter ended October 31, beating estimates of $101.89 million.
Before the market open this morning, the retail boutique operator posted earnings of 16 cents per share for the quarter, in line with estimates.
"The momentum in our business that began in August continued throughout the third quarter," CEO Michael Barnes said in a statement. "We saw strength across all of our departments and throughout many categories, with apparel and accessories businesses leading the way."
Additionally, Francesca's raised its 2015 fiscal year earnings guidance to 86 cents to 88 cents per share, up from its previous outlook of 83 cents to 88 cents per share.
Revenue is expected to range between $432 million and $435 million, an increase from the previous guidance of $416 million to $424 million.
So far today, 1.86 million shares of Francesca's have exchanged hands, compared with its average daily volume of 710,792 shares.
Separately, TheStreet Ratings team rates FRANCESCAS HOLDINGS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
We rate FRANCESCAS HOLDINGS CORP (FRAN) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and disappointing return on equity.
You can view the full analysis from the report here: FRANFRAN data by YCharts