Gordmans Stores Inc. (GMAN) reported fourth quarter net income of $0.41 per share after the bell Monday, down from $0.53 per share a year ago. The consensus estimate was for EPS of $0.37. Total revenues grew 9.4 percent to $202.46 million from $185.15 million in the prior-year quarter, while the consensus estimate was for revenues of $202.82 million.
Gordmans Stores gapped open lower Tuesday and has fallen sharply in early trade on above average volume. Shares are now down 2.60 at $11.62. The stock is now testing the lows of the year, trading at a 2-month low.
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