Francesca’s Holdings Corp (NASDAQ:FRAN) stock was soaring on Tuesday following the release of its earnings report for the third quarter of 2016.
Francesca’s Holdings Corp reported earnings per share of 26 cents for the third quarter of the year. This is up from the earnings per share of 16 cents that it reported during the same time in 2015. It also came in above Wall Street’ earnings per share estimate of 18 cents.
Revenue reported by Francesca’s Holdings Corp in the third quarter of 2016 was $119.47 million. The boutique retailer reported revenue of $103.73 million in the third quarter of the year prior. Analysts were looking for revenue of $116.51 million in the most recent quarter.
Francesca’s Holdings Corp reported net income of $9.69 million in the third quarter of the year. This is an increase over the net income of $6.95 million that the company reported in the third quarter of 2015.
Francesca’s Holdings Corp also updated its outlook in its earnings report for the third quarter of 2016. FRAN is expecting revenue to be between $143 million and $148 million in the fourth quarter of the year. It is also expecting earnings per share to range from 33 cents to 37 cents during this period. Wall Street is looking for revenue of $144.44 million and earnings per share of 38 cents for the fourth quarter of the year.
For the full year of 2016, Francesca’s Holdings Corp is expecting revenue to be between $484 million and $489 million. FRAN says earnings per share for the year should range from $1.03 to $1.07. This is an increase over its previous earnings per share guidance range of 96 cents to $1.03. Analysts are estimating revenue of $482.28 million and earnings per share of $1.00 for 2016.
FRAN stock was up 24% as of Tuesday afternoon.
