Wet Seal (WTSLA) Lowers Comp and EPS Guidance
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Price: $2.95 -2.64%
Financial Fact:
Selling, general, and administrative expenses: 38.05M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Selling, general, and administrative expenses: 38.05M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Wet Seal (Nasdaq: WTSLA) lowers comp and EPS guidance after the close. The company believes its change in comparable store sales for fiscal September will be in the range of -7.5% to -8.5%, as compared to -1% to +3% as previously announced. The Company also indicated that, for fiscal October, it anticipates a decrease in comparable store sales in the range of -2% to -6%.
The Company now estimates for its fiscal third quarter it will report net income between $0.00 and $0.02 per diluted share compared to a prior estimate of between $0.07 and $0.10 per diluted share. Analysts' consensus estimates were $0.09 per share.
The Company now estimates for its fiscal third quarter it will report net income between $0.00 and $0.02 per diluted share compared to a prior estimate of between $0.07 and $0.10 per diluted share. Analysts' consensus estimates were $0.09 per share.
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