Wet Seal Inc. (NASDAQ:WTSLA) reported first quarter 2012 earnings of 2 cents per share, which was sharply lower than the year-ago quarter’s earnings of 8 cents. The earnings exclude the after-tax effect of non-cash asset impairment charges. However, earnings per share (EPS) were in line with Zacks Consensus Estimate.
The year-on-year downfall in the net earnings was due to decline in revenues and same store sales in both Wet Seal and Arden B stores
Consolidated Revenue and Margins
Wet Seal’s net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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