True Religion Apparel (TRLG) reported fourth quarter adjusted net income of $0.62 after the close Thursday, which fell short of the consensus estimate of $0.71. The company expects to report full year 2012 EPS of $1.88 to $1.95. The consensus estimate is for EPS of $2.37.
True Religion Apparel gapped open sharply lower Friday morning and is now down 9.11 at $27.63 on strong volume. The stock has dropped to a 4-month low and has fallen below both its 50 and 200-day moving averages.
For comments and feedback: editorial@rttnews.com