Express inc sees q4 adjusted earnings per share $0.17 to $0.19

Express, inc. narrows fourth quarter guidance; announces new corporate strategy including significant cost reductions and fleet rationalization.sees q4 adjusted earnings per share $0.17 to $0.19.initiates fleet rationalization plan to close approximately 100 stores by 2022.identifies $80 million in cost reduction opportunities.express - co is also announcing that it expects to have approximately $200 million in cash on hand by end of fiscal 2019.2019 q4 comparable sales are currently expected to be approximately -3%.sees q4 2019 comparable sales are currently expected to be approximately -3%.$55 million of expense reductions will be driven mainly by previously announced workforce restructuring.expects adjusted net income to be in range of $11 to $12.5 million for q4 2019.has a long-term goal to increase fcf from about $50 million in 2019 to $90 to $110 million by 2022.sees q4 2019 adjusted diluted earnings per share to be in range of $0.17 to $0.19.expects to have approximately $200 million in cash on hand by end of fiscal 2019.q4 earnings per share view $0.19 -- refinitiv ibes data.express - identified $80 million in annualized cost reduction opportunities expected to be realized over next three years.
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