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Citi Trends (CTRN) Higher Following Upside Results and Guidance

March 26, 2008 4:24 PM EDT
Citi Trends (Nasdaq: CTRN) is 10% higher in after-hours action after the company reported better than expected Q4 results and provided guidance ahead of Wall Street estimates.

Citi Trends reported Q4 EPS of $0.59, 15 cents better than the analyst estimate of $0.44. Revenues for the quarter were $134.6 million, versus the consensus of $136.01 million. The company sees FY08 EPS in the range of $1.10-$1.15, versus the consensus of $1.00.

The retailer is down 65% over the last year. [LJ]

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