New York & Company Q4 Profit Declines - Quick Facts

(RTTNews) - New York & Company Inc. (NWY) Thursday reported fourth-quarter net income of $6.9 million, or $0.11 per share, compared to $10.5 million, or $0.17 per share in the comparable quarter last year.

On average, six analysts polled by Thomson Reuters expected the company to earn $0.10 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the latest fourth quarter was $271.00 million, down from $291.76 million last year, while six analysts had consensus revenue estimate of $275.91 million.

Looking ahead to the first quarter, the company expects net sales to decrease slightly versus last year. This includes the impact of 12 fewer stores in operation since the first quarter of fiscal year 2013. Comparable store sales are expected to be approximately flat versus the prior year period.