India, Sept. 3 -- Regis Corp. (RGS), a hair salon chain, on Wednesday reported improved net income in its fourth quarter, backed by income tax benefit and stronger revenue. Meanwhile, profit before tax declined from last year.
On the Nasdaq, RGS shares are currently trading 15.09% higher at $25.46.
For the fourth quarter, net income rose to $116.49 million from $91.20 million a year ago.
On a per share basis, earnings increased to $42.58 from $38.10 in the year-ago quarter.
Adjusted net income swung back to a profit of $2 million from a loss of $2 million a year ago.
On a per share basis, adjusted earnings amounted to $0.74, compared to a $0.84 loss in the prior year.
Income from operations before income taxes, meanwhile, plunged to $...