Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : PSUN A new breakout at $30+! -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (536)	8/18/1998 8:15:00 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 1622

at least part of todays decline Gadzooks (Nasdaq: GADZ) was zapped $1 3/16 to $9 13/16 after reporting fiscal Q2 EPS of $0.07 compared to $0.02 a year ago, which was at the bottom of the $0.07 to $0.10 range forecast by the company in its earnings warning on July 22. Initially, the First Call mean estimate had called for EPS of $0.22 in the period. The teenage apparel retailer said sales declined "dramatically" in July, wrecking its quarterly results and contributing to a 0.6% slide in same-store sales during the period. Moreover, Gadzooks doesn't see the situation improving in the near term. Even though teens everywhere are currently in the midst of their annual wardrobe overhauls, Gadzooks will be left out of the back-to-school party like a freshman sporting an Alfalfa haircut and Hush Puppies. The company said promotional activities to boost slumping August sales will cut into gross margins, which will likely lead to Q3 results below its earlier expectations.