Thursday, September 1, 2011

Zumiez lowers estimates....

Zumiez Inc. (ZUMZ). The retail company forecast a third-quarter profit below Wall Street estimates, and posted market-lagging August same-store sales. The company expects to earn 37-39 cents a share in the third quarter. Second-quarter net income rose to $2.6 million, or 8 cents a share, compared with a loss of $1.2 million, or 4 cents a share, in the year-ago period.

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