Aeropostale Inc (ARO) stock took a huge hit on Friday following the release of its Q4 2015 earnings report.
Aeropostale announced during this earnings report that its Board of Directors has authorized management to explore financial alternatives. These alternatives could include a restructuring of the company or even a possible sale.
Aeropostale’s losses per share were in line with analysts’ estimates of 14 cents for the fourth quarter of 2015. However, it’s revenue came in at $498.0 million, which was below expectations of $519.7 million.
Aeropostale’s outlook for Q1 2016 included losses per share ranging from 35 cents to 42 cents. Wall Street is expecting the company to report losses of 40 cents per share for the quarter.
ARO stock was down 45% as of Friday morning.
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