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Ann Inc beats 3Q profit forecasts

An Ann Taylor store on Fifth Avenue in New York.
Scott Mlyn | CNBC
An Ann Taylor store on Fifth Avenue in New York.

Ann Inc. on Friday reported fiscal third-quarter profit of $29.9 million.

On a per-share basis, the New York-based company said it had net income of 65 cents. Earnings, adjusted for non-recurring costs, were 72 cents per share.

The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The women's apparel retailer posted revenue of $646.8 million in the period, which did not meet Street forecasts. Analysts expected $653.1 million, according to Zacks.

For the current quarter ending in January, Ann Inc. said it expects revenue in the range of $630 million. Analysts surveyed by Zacks had expected revenue of $633.4 million.

The company expects full-year revenue of $2.52 billion.

Ann Inc. shares have climbed almost 5 percent since the beginning of the year. The stock has increased 6 percent in the last 12 months.

This story was generated by Automated Insights using data from Zacks Investment Research. ANN stock research report from Zacks.