Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
IRVING, Texas — Michaels Cos. on Thursday reported fiscal third-quarter profit of $111.1 million.
Continue Reading Below
MICHAELS TO HIRE OVER 16,000 SEASONAL WORKERS FOR HOLIDAY SEASON
On a per-share basis, the Irving, Texas-based company said it had profit of 74 cents. Earnings, adjusted for one-time gains and costs, came to 86 cents per share.
Stocks in this Article
$12.11
+1.86 (+18.17%)
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
Employee Nikki Bush stocks acrylic paint at a Michaels Stores Inc. location in Cincinnati, Ohio, U.S., on Monday, Dec. 9, 2013. (Luke Sharrett/Bloomberg via Getty Images)
The arts and crafts store operator posted revenue of $1.41 billion in the period.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Michaels shares have risen 27% since the beginning of the year. The stock has climbed 31% in the last 12 months.
