The Everett, Wash.-based company, which operates more than 440 stories in the United States and Canada, reported fiscal third-quarter earnings of $14.1 million, or 45 cents a share, as total net sales jumped 13.3% year-over-year to $154 million. Same-store sales increased 6% in the period.
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The performance beat the average estimate of analysts polled by Thomson Reuters for a profit of 42 cents a share in the October-ended period on sales of $153.1 million. Zumiez also said it expects earnings of 52 to 54 cents a share for the fiscal fourth quarter ending in January, and that November saw total sales growth of more than 16% to $46.9 million along with same-store sales rising 8.4% for the month. Wall Street's current consensus estimate is for earnings of 52 cents a share from Zumiez in the fourth quarter. "During the third quarter we continued to execute on key initiatives aimed at driving productivity, expanding our geographic footprint, and bringing our unique in-store experience to the internet," said Rick Brooks, the company's CEO, in a statement. "We are pleased with the current pace of growth for our business and believe our product assortment has us well positioned for the remainder of the holiday selling period." The stock was last quoted at $26.70, up 14.3%, on volume of nearly 80,000, according to Nasdaq.com. Based on Thursday's closing price at $23.37, the shares were down more than 12% so far in 2011. Avago Technologies Shares of Avago Technologies(AVGO) dipped in late trades after the analog semiconductor device maker forecast a deeper than expected sequential decline in revenue for the current quarter.For the fiscal first quarter ending in January though, Avago said it expects revenue to decline between 10% and 14% on a sequential basis as it said it "expect(s) a seasonal slow-down in handsets while the supply chain contraction in our Industrial market continues."That view implies revenue of $535.8 million to 560.7 million for Avago's first quarter, which is below the current average analysts' view of $593.8 million.
The stock was last quoted at $29.20, down more than 2%, on after-hours volume of roughly 500,000, according to Nasdaq.com.
Other stocks seeing trading interest in the extended session included Ulta Beauty(ULTA), whose shares slid nearly 2% to $67.27 on volume of more than 325,000 despite a better than expected quarterly report as the cosmetics retailer's revenue outlook for the fiscal fourth quarter hinted at some downside to the current consensus; H&R Block(HRB), whose shares fell almost 3% to $15.63 on volume of less than 50,000 after the tax preparer's latest quarterly loss widened from last year; and PVH Corp.(PVH), which gained 2.5% to $69.29 on volume of more than 315,000 after the clothing maker handily beat Wall Street expectations for its latest earnings.
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