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Chico's: Fiscal 2Q Earnings Snapshot

Chico's: Fiscal 2Q Earnings Snapshot

Associated Press

FORT MYERS, Fla. (AP) _ Chico's FAS Inc. (CHS) on Wednesday reported fiscal second-quarter profit of $22.7 million.

On a per-share basis, the Fort Myers, Florida-based company said it had net income of 18 cents.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The clothing chain posted revenue of $578.6 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $579.6 million.

Chico's shares have declined nearly 6 percent since the beginning of the year. The stock has increased roughly 3 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHS at https://www.zacks.com/ap/CHS