This morning, the clothing retailer Express (NYSE:EXPR) reported third quarter earnings of $19.3 million, or 23 cents per share, as revenue increased by more than 7% to $503 million. While the results were in-line with estimates, the company provided weaker guidance for the full-year, which is weighing on the stock this morning. Express now expects to earn between $1.46 to $1.51 per share as increased promotional activity is impacting margins. On the news, shares of Express were lower by more than 18% so far today.
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