News Column

Zumiez beats Street 2Q forecasts

September 4, 2014



LYNNWOOD, Wash. (AP) Zumiez Inc. (ZUMZ) on Thursday reported fiscal second-quarter earnings of $7.5 million.

On a per-share basis, the Lynnwood, Washington-based company said it had net income of 26 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 27 cents per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The company posted revenue of $176.7 million in the period, missing Street forecasts. Analysts expected $177.3 million, according to Zacks.

For the current quarter ending in October, Zumiez said it expects revenue in the range of $207 million to $211 million. Analysts surveyed by Zacks had expected revenue of $208.8 million.

Zumiez shares have increased 25 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32.41, a climb of 24 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. A stock research report on ZUMZ from Zacks is available at: http://www.zacks.com/ap/ZUMZ

Keywords:Zumiez,Earnings Report


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Source: Associated Press


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