Wet Seal, Inc. (WTSLA) posted second-quarter net loss of $12.4 million or $0.14 per share, compared to net income of $2.2 million or $0.02 per share in the prior year quarter.
Excluding items, net loss for the second quarter was $5.8 million or $0.07 per share, compared to net income of $2.8 million or $0.03 per share in the year-ago quarter. On average, five analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter was $135.26 million, down from $148.77 million in the comparable quarter last year, while five analysts had a consensus revenue estimate of $136.64 million for the quarter.
For the third quarter of fiscal 2012, the company estimates net loss per share in the range of $0.13 to $0.16 and total net sales between $128 million and $133 million. Analysts currently expect a loss of $0.01 per share and revenue of $144.41 million for the third quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.