Francesca's Holdings up 14.3% on Strong Q4 Earnings

Francesca's Holdings Corp FRAN is trading higher on the session following its Q4 earnings announcement. The company reported EPS of $0.19 vs $0.16 estimate and revenues of $61.7 million vs $57.1 million estimate. John De Meritt, President and CEO of Francesca's Holdings, stated: "We are pleased to report another very productive quarter, having significantly exceeded our guidance, growing fourth quarter net income by 93.0% over the same period last year. We believe our performance demonstrates our highly effective merchandising strategy. Our customers continue to embrace our diverse merchandise assortment, compelling value and our differentiated shopping experience. Looking ahead, we are still in the early stages of a strong growth trajectory with 21 of our planned 76 openings for 2012 now open bringing us to a total of 304 boutiques currently." Francesca's Holdings is currently trading at $30.60, a gain of $3.82 or 14.26%.