Express lowers outlook after challenging Christmas trading

Updating its fourth quarter and full year outlook, Express announced that comparable sales are currently expected to be in the range of negative 1 percent to negative 2 percent and net income to be in the range of 24.5 to 26 million dollars for the fourth quarter. Diluted EPS is expected to be in the range of 0.31 dollar to 0.33 dollar on 79.2 million weighted average shares outstanding. Comparable sales for the full year are expected to be negative 4 percent. Net income is expected to be in the range of 14.3 to 15.8 million dollars or 0.18 dollar to 0.20 dollar per diluted share.