1.09%XLF 19.94 2.92%QQQQ 47.01 1.24%
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FOOTHILL RANCH, Calif. - Teen apparel retailer The Wet Seal Inc. on Thursday lowered its second-quarter profit outlook because of a one-time interest charge, but slightly raised its forecast for adjusted profit.
| WTSLA | 4.17 |  -0.2 |
Including a $1.9 million interest charge, the company expects earnings between 7 cents per share and 9 cents per share, compared with a previous estimate of 8 cents per share to 10 cents per share.
Excluding the charge, Wet Seal now forecasts earnings of 9 cents per share to 11 cents per share.
Analysts, who usually exclude one-time items from their estimates, predict profit of 9 cents per share, according to a poll by Thomson Financial.
The retailer also said Thursday its same-store sales fell 2.9 percent in June, a shortfall in-line with what Wall Street was expecting.
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