VIDEO: Zumiez Losing Ground on Disappointing Outlook Despite Beating Q1 Earnings Estimates

Retailer Zumiez (NASDAQ:ZUMZ) falling in early trading this morning on a dismal outlook. The company announced their second quarter results with EPS of 17 cents on revenue of $135.1 million. Both earnings and revenue were higher than the average analyst estimate of 13 cents on revenue of $135 million. Although the company beat the street, growth in the quarter was very minimal. The company also sees third quarter EPS of 42 to 45 cents on revenue between $181 million to $185 million. This is dismal compared to Wall Street’s expectation of 56 cents on revenue of $183.79 million. Zumiez outlook hasn’t helped investor confidence this morning. The retailer’s stock is down over 9% to $29.09 at market open.