Regis Slides to Six-Year Low

Regis (RGS) slid to a new six-year low Friday morning after the owner and operator of franchise beauty salons reported its financial results for Q4 2015 that trailed analyst estimates.

Net loss for the quarter was $2.6 million, or $0.05 per share, compared to a net loss of $17 million, or $0.30 per share in Q4 2014.On an adjusted basis, the company reported net income of $0.01 per share, compared to a net loss of $0.10 per share in the prior year period and lower than the $0.10 earnings per share Street estimate provided by Capital IQ.

Revenues were $462.9 million, down from $483.9 million reported for the same period last year and lower than the $475.9 million Street estimate. In recent trade, shares were down 11.7%, moving in a new 52-week range of $11.35 – $17.91.

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