Tilly's Shares Down 11% On Weak Results

(RTTNews) - Shares of Tilly's, Inc. (TLYS) slipped 11% in extended trading session on Wednesday after the retailer's third-quarter results fell short of Wall Street estimates.

Irvine, California-based Tilly's third-quarter profit dropped to $6.4 million or $0.21 per share from $8.8 million or $0.30 per share. Analysts polled by Thomson Reuters estimate earnings of $0.23 per share for the quarter.

Revenues for the quarter were $146.8 million, down 3.9% from $152.8 million last year. Analysts had a consensus revenue estimate of $149.15 million for the quarter.

Comparable store net sales, including e-commerce, increased 4.3%. Comparable store net sales in physical stores increased 1.3% and represented approximately 86% of total net sales. E-commerce net sales increased 26.7% and represented approximately 14% of total net sales.

Looking forward to the fourth quarter, the company expects earnings of $0.22 to $0.26 per share and revenues of $163 million to $168 million. Analysts currently estimate earnings of $0.28 per share and revenues of $165.11 million for the quarter.

TLYS closed Wednesday's trading at $15.26, up $0.31 or 2.07%, on the Nasdaq. The stock, however, dropped $1.72 or 11.27% in the after-hours trade.