NEW YORK — As speculation continues to swirl over its possible sale and breakup, The Jones Group Inc. said Wednesday that adjusted earnings per share for the third quarter beat Wall Street’s consensus estimate by 6 cents.
The company posted a 66.5 percent increase in net income for the three months ended Oct. 5, rising to $28.3 million, or 38 cents a diluted share, compared with $17 million, or 22 cents, a year ago. On an adjusted basis, earnings per share were 48 cents for the quarter, versus adjusted EPS of 57 cents a year ago. That’s still 6 cents better for the current period than the consensus estimate among Wall Street analysts of 42 cents. Net sales fell 1.3 percent to $1.01 billion from $1.25 billion.
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