Shares Alert - (NASDAQ:HOTT) shares Plummet on Weak Outlook

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Hot Topic, Inc. (NASDAQ:HOTT) plunged 14% to $5.72 after it reported Q3 adjusted EPS of $0.15, 2 cents better than the analyst estimate of $0.13. Revenue for the quarter was $189.6 million, which compares to the estimate of $190.48 million. Sees Q409 EPS $0.23 - $0.26, versus $0.30 consensus. Sees Q4 comps down in high single digits.

Hot Topic, Inc., is a mall- and Web based specialty retailer operating the Hot Topic and Torrid concepts, as well as the e-space music discovery concept, ShockHound. At Hot Topic, the Company sells a selection of music/pop culture-licensed and music/pop culture-influenced apparel, accessories, music and gift items for young men and women principally between the ages of 12 and 22. At Torrid, it sells apparel, lingerie, shoes and accessories designed for various lifestyles for plus-size females between the ages of 15 and 29.

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