Chico's FAS Q1 adjusted earnings Beat Estimates

(RTTNews) - Chico's FAS (CHS) reported a profit for first quarter that decreased from the same period last year.

The company's bottom line totaled $2.03 million, or $0.02 per share. This compares with $29.00 million, or $0.23 per share, in last year's first quarter.

Excluding items, Chico's FAS reported adjusted earnings of $5.61 million or $0.05 per share for the period.

Analysts had expected the company to earn $0.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.8% to $517.73 million from $561.82 million last year.

Chico's FAS earnings at a glance:

-Analysts Estimate: $0.03 -Revenue (Q1): $517.73 Mln vs. $561.82 Mln last year.