Cherokee Inc. Reveals 7% Retreat In Q2 Earnings

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

The company said its profit declined to $1.91 million, or $0.22 per share. This was down from $2.05 million, or $0.23 per share, in last year's second quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.1% to $8.47 million. This was down from $8.48 million last year.

Cherokee Inc. earnings at a glance:

-Earnings (Q2): $1.91 Mln. vs. $2.05 Mln. last year. -Earnings Decline (Y-o-Y): -6.8% -EPS (Q2): $0.22 vs. $0.23 last year. -EPS Decline (Y-o-Y): -4.3% -Analysts Estimate: $0.20 -Revenue (Q2): $8.47 Mln vs. $8.48 Mln last year. -Revenue Change (Y-o-Y): -0.1%