Cherokee Inc. Q4 Earnings Drop 18%

(RTTNews) - Cherokee Inc. (CHKE) revealed a profit for fourth quarter that declined from last year.

The company said its earnings declined to $1.4 million, or $0.16 per share. This was lower than $1.7 million, or $0.19 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.0% to $7.8 million. This was up from $7.5 million last year.

Cherokee Inc. earnings at a glance:

-Earnings (Q4): $1.4 Mln. vs. $1.7 Mln. last year. -Earnings Decline (Y-o-Y): -17.6% -EPS (Q4): $0.16 vs. $0.19 last year. -EPS Decline (Y-o-Y): -15.8% -Analysts Estimate: $0.13 -Revenue (Q4): $7.8 Mln vs. $7.5 Mln last year. -Revenue Change (Y-o-Y): 4.0%