Hot Topic Sales Cool

Bank of New York reportedly seeking deal with U.S. prosecutors; Taser defends safety of its products; plus more of Tuesday's stocks in the news

Hot Topic (HOTT ) posted 8% lower November same-store sales. The company says that due to lower-than-expected November sales, it cut its fourth-quarter earnings per share guidance from the low end of the 49 cents to 52 cents range to a range of 37 cents to 43 cents. Wedbush cut its rating on the shares to hold from buy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.