WSTLA (-14.05%) Wet Seal Suffers Loss on Lower Sales
By Zacks Equity Research
Wet Seal Inc. (WTSLA) reported second quarter fiscal 2012 loss of 7 cents per share compared to year-ago quarter’s earnings of 3 cents per share. The loss was in line with the Zacks Consensus Loss Estimate, but was narrower than management’s guidance range of a loss of 9 cents to 10 cents. The loss resulted from a decline in sales and margins...
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