NEW YORK (TheStreet) -- Wet Seal (WTSL) announced second quarter revenue of $121.2 million, down from the $137.2 million from the same period last year, and short of the $122.7 million revenue expectations analysts had.
The specialty retailer reported a net loss of 26 cents per diluted share, 14 cents wider that analysts were expecting.
Wet Seal shares are flat in after-hours trading on Wednesday.
TheStreet Ratings team rates WET SEAL INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate WET SEAL INC (WTSL) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: WTSL Ratings Report
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