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Gordmans Stores Inc. (GMAN) Plunged To A New Low After Guidance Lowered

Gordmans Stores Inc. (GMAN) announced after the close Monday that fourth quarter comparable sales declined 4.6%. The Company now expects revenues for the fourth quarter to be approximately $203 million, compared with previous guidance of $213 million to $215 million. The Company expects diluted EPS to be $0.35 to $0.37, compared with previous guidance of $0.58 to $0.61.

Gordmans Stores gapped open sharply lower Tuesday, but traded in a narrow range throughout the session. Shares finished down by 2.32 at $11.66 on strong volume. The stock plunged to a new low for the year.

by RTTNews Staff Writer

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