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29.09.2023 16:26:29
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Aritzia Rallies Despite Reporting Q2 Loss
(RTTNews) - Shares of women's fashion brand Aritzia Inc. (ATZAF) are rising more than 12% Friday morning despite turning to loss in the second quarter.
The company reported a net loss of $5.99 million or $0.05 per share for the second quarter, compared with profit of $46.26 million or $0.40 per share a year ago.
Excluding one-time items, earnings were $0.03 per share, lower than 0.44 last year.
Revenue for the quarter, however, increased 1.6% to $534.2 million.
ATZAF is at $18.52 currently. It has traded in the range of $15.70 - $41.10 in the last 1 year.
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