NEW YORK (TheStreet) -- Shares of Francesca's Holdings (FRAN - Get Report) are rising by 5.27% to $10.99 in pre-market trading on Thursday, after the company posted better-than-expected earnings for the 2016 fiscal first quarter.
Before today's opening bell, the Houston-based clothing retailer reported earnings of 18 cents per diluted share, topping analysts' estimates by a penny.
Revenue for the period was $106.1 million, while analysts were expecting $106.8 million.
Comparable store-sales rose 2% during the quarter.
Sales were lower than expected, especially around the Easter holiday, the company noted.
"We continue to see weakness in the overall retail environment particularly in apparel with declines in traffic and heightened promotions," Interim CEO Richard Kunes said in a statement.
"Our second quarter and updated full year guidance reflects this recent trend and our assumption that the environment will not further deteriorate in the back half of the year," he added.
For the second quarter, Francesca's sees earnings per share between 16 cents and 19 cents on revenue of $106 million and $110 million.
Analysts are modeling earnings of 23 cents per share on revenue of $117.2 million.
In fiscal 2016, the company forecasts earnings per share in the range of 86 cents to 96 cents on revenue of $460 million to $480 million.
Analysts are looking for earnings of 93 cents per share on revenue of $482.7 million.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth.
However, the team also finds that the stock has had a generally disappointing performance in the past year.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: FRAN