Zumiez Shares Decline After Weak Outlook

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.