Cherokee Inc. Reveals 28% Decline In Q3 Bottom Line

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

The company said its bottom line fell to $2.58 million, or $0.29 per share. This was down from $3.57 million, or $0.41 per share, in last year's third quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.4% to $10.68 million. This was up from $10.23 million last year.

Cherokee Inc. earnings at a glance:

-Earnings (Q3): $2.58 Mln. vs. $3.57 Mln. last year. -Earnings Decline (Y-o-Y): -27.7% -EPS (Q3): $0.29 vs. $0.41 last year. -EPS Decline (Y-o-Y): -29.3% -Analysts Estimate: $0.39 -Revenue (Q3): $10.68 Mln vs. $10.23 Mln last year. -Revenue Change (Y-o-Y): 4.4%