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Wet Seal Falls as Earnings Forecast Trails Analysts’ Estimates

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March 26 (Bloomberg) -- The Wet Seal Inc., 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.

To contact the reporter on this story: Jason M. Breslow in New York at jbreslow@bloomberg.net.

To contact the editor responsible for this story: Colleen McElroy at cmcelroy@bloomberg.net.

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