Investing.com - (NYSE:JWa) shares fell on Thursday on the back of the company’s latest quarterly results which showed the company’s revenue increased year-over-year and beat expectations, but its earnings missed forecasts.
The company posted adjusted first quarter earnings of $0.59 per share, whereas analysts had expected EPS of $0.62. Revenue increased 1.8% year-over-year to reach $411.40 million, but fell short of analysts estimates by $5.1 million.
Commenting on the result, interim CEO Matthew Kissner said: “We are realigning our cost base, reallocating resources, reinvesting in specific growth areas, and focusing on culture, productivity, and customer engagement – all of which should benefit us in fiscal 2019 and beyond.”
The company reaffirmed its full year guidance for flat revenues and a low-single-digit percentage decline in adjusted EPS.
Shares were down 2.9% in afternoon trading.