Correction: Earns-Regis

Published on NewsOK Modified: February 1, 2013 at 4:21 pm •  Published: February 1, 2013
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EDINA, Minn. (AP) — In a story Jan. 31 about Regis Corp.'s second-quarter earnings, The Associated Press reported erroneously the amount of the company's adjusted earnings. They were 3 cents per share.

Since the company earned 3 cents per share, the adjusted results did not top Wall Street expectations as the second paragraph and extended headline of the original story stated.

The story also omitted a mention of the company's year-ago second-quarter loss of 81 cents per share.

A corrected version of the story is below:

Supercuts parent Regis narrows 2Q loss

Supercuts parent Regis narrows 2Q loss as operating expenses decline

EDINA, Minn. (AP) — Regis Corp., the owner of Supercuts and other hair salons, said Thursday that its second-quarter loss narrowed from a year earlier as its operating costs fell.

The company said it lost $12.3 million, or 22 cents per share, in the three months ending Dec. 31. That compares to a loss of $57.4 million, or 81 cents per share, in the same quarter a year ago.

Excluding special charges, the company said its earnings fell to 3 cents per share in the second quarter from 27 cents in the same period a year ago.

The results were below Wall Street's expectations of 13 cents per share, according to FactSet.

Revenue fell 4 percent to $506.2 million in the second quarter from $526.1 million a year earlier.



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