IRVINE, Calif. (AP) _ Tilly's Inc. (TLYS) on Wednesday reported a fiscal first-quarter loss of $2.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Irvine, California-based company said it had a loss of 10 cents. Losses, adjusted for non-recurring costs, were 6 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The clothing and accessories retailer posted revenue of $120.2 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $119.5 million.
Tilly's shares have decreased 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.70, a drop of 56 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TLYS at http://www.zacks.com/ap/TLYS
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Automated Insights, source Associated Press News