Shares Alert - (NASDAQ:WTSLA) Provides weak Guidance, Shares Plunge

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The Wet Seal, Inc. (NASDAQ:WTSLA) plunged 6.52% to $3.09 after it reported Q3 EPS of $0.04, in-line analyst estimate of $0.04. Revenue for the quarter was $141.5 million, which compares to the estimate of $140.28 million. Comps down 6.2%. Wet Seal sees Q4 EPS of $0.03-$0.07, versus the consensus of $0.08. Sees Q4 revs of $149-$155 million, versus the consensus of $156 million.

The Wet Seal, Inc. is a national specialty retailer operating stores selling apparel and accessory items designed for female customers aged 13 to 35 years. As of January 31, 2009, the Company operated 496 retail stores in 47 states, Puerto Rico and Washington D.C. Its products can also be purchased online.