The Traderszone Network

Published in TZ Latest News 23 September, 2014 by The TZ Newswire Staff

Ascena has worst day since 1990 after results

Shares of Ascena Retail Group Inc (ASNA.O) were suffering their biggest one-day decline in 14 years on Tuesday, a day after the company reported weak fourth-quarter results. After the market closed on Monday, Ascena reported adjusted earnings that missed expectations, along with weaker-than-forecast revenue.