The Wet Seal Inc. (WTSLA), the apparel chain for teenage girls, fell 7.4 percent in after-hours U.S. trading after its first-quarter profit projection trailed analysts’ estimates.
Wet Seal slipped to $3.25 at 4:42 p.m. New York time after closing at $3.51 during regular Nasdaq Stock Market composite trading. First-quarter earnings will be 2 cents to 6 cents a share, the Foothill Ranch, California-based company said in a statement. Analysts predicted 5 cents, the average of three estimates in a Bloomberg survey.
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