MOUNT HOREB, Wis. (AP) _ Duluth Holdings Inc. (DLTH) on Thursday reported fiscal first-quarter net income of $544,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Mount Horeb, Wisconsin-based company said it had profit of 2 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The clothing and tools supplier posted revenue of $133.4 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $125.9 million.
Duluth Holdings expects full-year earnings to be 66 cents to 72 cents per share, with revenue in the range of $695 million to $710 million.
Duluth Holdings shares have risen 62% since the beginning of the year. The stock has more than tripled in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLTH at https://www.zacks.com/ap/DLTH
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