Zumiez Shares Decline After Weak Outlook

MarketWatch Pulse

Zumiez Inc. shares declined in the extended session Thursday after the specialty retailer's outlook fell short of Wall Street estimates. Zumiez shares declined 4.9% to $37.99 on moderate volume. The company forecast first-quarter earnings of 8 cents to 10 cents a share, which includes a 3-cents-per-share charge, on revenue of $176 million to $178 million. Analysts surveyed by FactSet expect 14 cents a share on revenue of $181.2 million. Zumiez reported fourth-quarter earnings of 60 cents a share, with a 20-cents-a-share charge, on revenue of $258.6 million. Analysts expected 79 cents a share on revenue of $257.4 million.

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