Zumiez Shares Rally On Raised Outlook From Improved Sales
Zumiez Inc. shares jumped in the extended session Wednesday after the teen specialty retailer raised its outlook for the third quarter because of better-than-expected sales. Zumiez shares surged 12% to $20.38 after hours. The company forecast third-quarter earnings of 29 cents to 30 cents a share on revenue of $216 million to $217 million, up from a previous forecast of 21 cents to 26 cents a share on revenue of $209 million to $213 million. Analysts surveyed by FactSet had estimated 24 cents a share on revenue of $209.5 million.
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