Friday, September 14, 2012

Hot Topic profits up 13 percent in 3Q - Los Angeles Business from bizjournals:

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In the quarter, the company earned $7.4 million, or 17 cents a share, up from earnings of $6.7 million, or 15 centse a share, in the third quarterf a year ago. Analyst estimates placed the earnings per share at16 cents. The current quarter'ds results also include expenses of 1 cent a shard related tothe company's new online music site, In the sales Hot Topic brought in $197.3 milliomn in the quarter, up from $188.5 million a year ago. Througn the first nine months, Hot Topic has earnedd $5.6 million, or 13 cents a share, on salew of $523.1 million. Through the same period a year ago, the companhy earned $4.1 million, or 9 centds a share, on sales of $507.
4 As the end of the quarter, City of Industry-basee Hot Topic (NASDAQ: HOTT) operatedd 683 Hot Topic stores and 158Torrif stores, compared to 695 Hot Topif stores and 147 Torrid stores at the end of the thired quarter a year ago.

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