BELLEVILLE (AP) - Duluth Holdings Inc. (DLTH) on Thursday reported a fiscal third-quarter loss of $816,000, after reporting a profit in the same period a year earlier.
On a per-share basis, the Belleville, Wisconsin-based company said it had a loss of 3 cents.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The clothing and tools supplier posted revenue of $83.7 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $84.3 million.
Duluth Holdings expects full-year earnings to be 66 cents to 71 cents per share, with revenue in the range of $455 million to $465 million.
Duluth Holdings shares have fallen 24 percent since the beginning of the year. The stock has decreased 43 percent in the last 12 months.
On a per-share basis, the Belleville, Wisconsin-based company said it had a loss of 3 cents.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The clothing and tools supplier posted revenue of $83.7 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $84.3 million.
Duluth Holdings expects full-year earnings to be 66 cents to 71 cents per share, with revenue in the range of $455 million to $465 million.
Duluth Holdings shares have fallen 24 percent since the beginning of the year. The stock has decreased 43 percent in the last 12 months.
