Ann Inc. stock jumped 4.2 percent to $38.92 after the retailer posted a first-quarter profit that beat analysts’ expectations.
Ann’s earnings of $15.4 million, or 33 cents a diluted share, in the quarter ended May 3, excluding an after-tax restructuring charge, was 2 cents better than analysts’ consensus estimate of 31 cents. The stock rose $1.57 in the first 50 minutes of trading on the New York Stock Exchange.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"