Cherokee Inc. Reveals 64% Drop In Q3 Earnings

(RTTNews) - Cherokee Inc. (CHKE) reported earnings for third quarter that decreased compared to the same period last year.

The company said its bottom line fell to $0.70 million, or $0.08 per share. This was lower than $1.95 million, or $0.22 per share, in last year's third quarter.

The company said revenue for the quarter fell 19.8% to $6.50 million. This was down from $8.10 million last year.

Cherokee Inc. earnings at a glance:

-Earnings (Q3): $0.70 Mln. vs. $1.95 Mln. last year. -Earnings Decline (Y-o-Y): -64.1% -EPS (Q3): $0.08 vs. $0.22 last year. -EPS Decline (Y-o-Y): -63.6% -Revenue (Q3): $6.50 Mln vs. $8.10 Mln last year. -Revenue Change (Y-o-Y): -19.8%

-Guidance: Full year EPS guidance: $0.76 Full year revenue guidance: $32.0 Mln