hhgregg Inc. (HGG) reported fourth quarter adjusted EPS of $0.31 after the bell Monday, down from $0.39 in the prior year period. The consensus estimate was for $0.30. Net sales declined 2.6% to $597.63 million from $613.79 million last year, while 13 analysts expected revenues of $622.57 million.
For fiscal 2014, the company expects earnings in the range of $0.75 to $0.90 per share. The consensus estimate is for EPS of $0.79. The stock is now down 2.06 on 12K shares.
hhgregg posted early gains Monday, before settling into a range. The stock ended the session higher by 0.19 at $15.61 on above average volume. hhgregg has been on an upward trend since the beginning of February and closed at a new high for the year.
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