Zumiez shares up 12% on better quarterly outlook

Shares of teen retailer Zumiez Inc. rallied Wednesday after the company raised its fourth-quarter outlook and said its net sales fell 6.2% to $134.5 million. The retailer said it expects fiscal fourth quarter net sales between $237 million to $239 million and net income per share between 45 cents and 47 cents. Comparable sales are seen down 11% in the quarter. The company had previously predicted net sales between $226 million and $231 million and EPS between 40 cents and 46 cents. Shares of Zumiez rose 12% in late trading Wednesday after ending the day down 1.5%.

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