Hot Topics (HOTT) Reports Q3 Comps up 0.2%, Reiterates Guidance, Announces Buyback
Tweet
Share
E-mailGet Alerts HOTT Hot Sheet
Price: $14.00 --0%
Financial Fact:
Benefit for income taxes: 2.05M
Today's EPS Names:
SYRS, EGRX, AIFC, More
Financial Fact:
Benefit for income taxes: 2.05M
Today's EPS Names:
SYRS, EGRX, AIFC, More
Join SI Premium – FREE
Hot Topic (Nasdaq: HOTT) reported third quarter comp sales up 0.2%.
The company reiterated its third quarter earnings guidance of earnings per share in the range of $0.08 to $0.10. The company also stated the previously announced fourth quarter earnings guidance (14 weeks ending February 2, 2013) remains the same, in the range of $0.23 to $0.27 per share, as compared to earnings per share of $0.21 last year. This guidance is based upon a comp sales increase in the low to mid-single-digit percentage range.
The company announced its board of directors authorized an increase to the company’s stock repurchase program, up to $25 million of the company’s common stock. Repurchases will be made in accordance with applicable securities laws from time to time in open market or private transactions, depending on market conditions, and may be discontinued at any time. There can be no assurances as to the number of shares the company will repurchase, if any.
The company reiterated its third quarter earnings guidance of earnings per share in the range of $0.08 to $0.10. The company also stated the previously announced fourth quarter earnings guidance (14 weeks ending February 2, 2013) remains the same, in the range of $0.23 to $0.27 per share, as compared to earnings per share of $0.21 last year. This guidance is based upon a comp sales increase in the low to mid-single-digit percentage range.
The company announced its board of directors authorized an increase to the company’s stock repurchase program, up to $25 million of the company’s common stock. Repurchases will be made in accordance with applicable securities laws from time to time in open market or private transactions, depending on market conditions, and may be discontinued at any time. There can be no assurances as to the number of shares the company will repurchase, if any.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla to launch Cybercab in Austin this month - report
- Haemonetics signs non-exclusive supply deal with CSL Plasma
- Citi sees strong hardware OEM results driven by AI demand
Create E-mail Alert Related Categories
Guidance, Stock BuybacksRelated Entities
Stock Buyback, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
