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Shares of hhgregg (HGG) get crushed in after-hours trading after the company says that it sees...

  • Tuesday, July 10, 2012, 4:44 PM ET
    Shares of hhgregg (HGG) get crushed in after-hours trading after the company says that it sees same-store sales falling even more than it originally anticipated in FY13 and cuts its outlook for FY13 EPS to $0.90-$1.05, from prior guidance of $1.12-$1.27. The company says lower than expected sales in its video category contributed to the revised outlook. Shares -22.3% AH.
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    We would expect the markets will not be kind to HGG on 7/11/12. There are core issues that management needs to address. These issues were discussed in our research report dated 6/11/12. For more information on HGG and other research and trading ideas, please visit us at http://bit.ly/M1JVnA
    10 Jul 2012, 10:35 PM Reply Like
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