WTSLF...2 cents above estimates.. This should be a good play.. I've been in it since Tuesday.
The Wet Seal, Inc. Announces Record Earnings of $8.8 Million
for Fourth Quarter Fiscal 1997, an Increase of 26% Over Prior Year
FOOTHILL RANCH, Calif., March 18 /PRNewswire/ -- Specialty retailer The Wet Seal, Inc. (Nasdaq: WTSLA) announced earnings of $8,839,000, or $0.65 per share, basic, and $0.63 per share, diluted for the 13 weeks ended January 31, 1998 (fourth quarter of fiscal 1997), an increase of 26 percent compared to earnings of $7,021,000, or $O.52 per share, basic, and $0.51 per share,
diluted for the 13 weeks ended February 1, 1997 (fourth quarter of fiscal 1996). For the 52-week period ended January 31, 1998, the Company posted earnings of $21,250,000, or $1.57 per share, basic, and $1.53 per share, diluted, an increase of 39 percent compared to earnings of $15,252,000, or $1.15 per share, basic, and $1.13 pershare, diluted in the comparable period last year. |
