NEW YORK (TheStreet) -- Shares of Francesca's (FRAN - Get Report) were rising in mid-morning trade on Wednesday after the company posted better-than-expected results for the 2016 second quarter and raised its full year view.

Before the opening bell, the Houston-based retailer reported adjusted earnings of 27 cents per diluted share, which topped analysts' estimates of 18 cents per share.

Revenue for the second quarter was up 9% year-over-year to $115.3 million and beat Wall Street's projections of $108.98 million.

Same-store sales were flat in the period.

For the full year, the company projects earnings between 96 cents per share and $1.03 per share on revenue between $473 million and $488 million. Francesca's had previously estimated earnings per share of 86 cents to 96 cents and revenue of $460 million to $480 million.

Wall Street expects earnings of 87 cents per share on revenue of $466.96 million for 2016.

For the third quarter, Francesca's expect earnings per share between 16 cents and 19 cents on revenue in the range of $114 million and $118 million.

Analysts are looking for earnings of 15 cents per share on revenue of $109.73 million for the period.

Interim CEO Richard Kunes said the company's e-commerce sales grew in the second quarter while traffic declined.

However, he noted that merchandise resonated with costumers despite a "tough" retail environment, according to a statement.

Separately, 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.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and unimpressive growth in net income.

You can view the full analysis from the report here: FRAN