Cherokee Inc. Profit Retreats 33% In Q3

(RTTNews) - Cherokee Inc. (CHKE) announced earnings for third quarter that lost ground compared to the same period last year.

The company said its profit fell to $1.55 million, or $0.17 per share. This was down from $2.32 million, or $0.27 per share, in last year's third quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.0% to $8.10 million. This was down from $8.71 million last year.

Cherokee Inc. earnings at a glance:

-Earnings (Q3): $1.55 Mln. vs. $2.32 Mln. last year. -Earnings Decline (Y-o-Y): -33.2% -EPS (Q3): $0.17 vs. $0.27 last year. -EPS Decline (Y-o-Y): -37.0% -Analysts Estimate: $0.22 -Revenue (Q3): $8.10 Mln vs. $8.71 Mln last year. -Revenue Change (Y-o-Y): -7.0%