Aéropostale Inc. shares dropped further into penny-stock territory late Thursday after quarterly results fell short of Wall Street expectations and the apparel retailer said it was considering a possible sale. Aéropostale shares plummeted 38% to 30 cents a share. The company reported an adjusted fourth-quarter loss of 14 cents a share on revenue of $498 million. Analysts surveyed by FactSet expected a loss of 13 cents a share on revenue of $519.3 million. Aéropostale said it expects a first quarter loss of 35 cents to 42 cents a share, based on an operating loss of $24 million to $29 million. An ongoing vendor dispute with MGF Sourcing, however, could result in an additional operating loss of $5 million to $8 million, the company said. Analysts had estimated a first-quarter loss of 40 cents a share. Also, Aéropostale said it is considering a potential sale or restructuring of the company.
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