Reuters: Hot Stocks: Express 2nd-qtr profit rises 7 pct

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Express 2nd-qtr profit rises 7 pct Aug 28th 2013, 11:36 Wed Aug 28, 2013 7:36am EDT Aug 28 (Reuters) - Apparel and accessories retailer Express Inc reported a 7 percent increase in quarterly profit as it attracted more customers. Net income for the quarter ended Aug. 3 rose to $16.9 million, or 20 cents per share, from $15.8 million, or 18 cents per share, a year earlier. Revenue rose 7 percent to $486.2 million. Same-store sales, which include e-commerce sales, increased 6 percent. (Reporting by Maria Ajit Thomas and Aditi Shrivastava in Bangalore; Editing by Saumyadeb Chakrabarty)

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