Bebe Stores Inc. (BEBE) reported a third quarter net loss from continuing operations of $0.00 per share after the bell Thursday, compared to the loss of $0.03 per share last year. The consensus estimate was for a profit of $0.01 per share. Fourth quarter net income from continuing operations is expected to be in the range of $0.02 to $0.04 per share, which is below the consensus estimate of $0.09 per share.
Bebe Stores gapped open sharply lower Friday and fell in early trade, before settling into a range. The stock closed down by 1.77 at $6.27, with volume at a 10-month high. Bebe Stores has been losing ground for the past month and set a 7-month low.
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