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Ascena Earnings Increase Despite Lower Sales, Higher Costs

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Suffern, NY–Ascena Retail Group Inc. Tuesday reported an increase in profit for the first quarter despite lower revenues and higher operating costs. Earnings  trumped analysts’ estimates, while revenues were in line with expectations. Ascena’s first quarter profit rose to $53.5 million, 32 cents a share,  from $52.6 million, 32 cents …