American Apparel Inc (APP)

Clothing retailer American Apparel Inc. said Tuesday its third quarter profit rose 78 percent to $4.2 million, or 5 cents per share, compared with $2.3 million, or 3 cents per share, in the same quarter a year ago. Revenue declined 3 percent to $150.3 million from $154.8 million.
The company said its profits grew due to a shift toward sales of higher-margin retail merchandise.

Nov 10 · 11:56:00 AM · Source: Company News Release
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by Larry Etter