Chico's FAS Q1 Profit Drops

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

The company's earnings totaled $29.00 million, or $0.23 per share. This compares with $33.62 million, or $0.26 per share, in last year's first quarter.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.8% to $561.82 million from $583.73 million last year.

Chico's FAS earnings at a glance:

-Earnings (Q1): $29.00 Mln. vs. $33.62 Mln. last year. -EPS (Q1): $0.23 vs. $0.26 last year. -Analysts Estimate: $0.26 -Revenue (Q1): $561.82 Mln vs. $583.73 Mln last year.