NEW YORK (TheStreet) -- Zumiez (ZUMZ) shares are up 3.5% to $36.70 in after hours trading on Thursday after the action sports apparel specialty retailer reported its third quarter earnings results after the closing bell today.
The company reported an 11.6% increase in third quarter revenue to $213.3 million, coming out ahead of analysts $212 million expectations for the period. Zumiez reported a 38.5% increase in EPS to 54 cents per diluted share that is one cent better than analysts expected.
The company also provided current quarter EPS guidance between 69 cents and 72 cents per diluted share which is short of analysts' 75 cent per share expectations for the fourth quarter.
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TheStreet Ratings team rates ZUMIEZ INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ZUMIEZ INC (ZUMZ) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."