HotTopic (HOTT +10.9%) shares soar at the open following its Q4 earnings beat and announcement...

|About: Hot Topic, Inc. (HOTT)|By:, SA News Editor

HotTopic (HOTT +10.9%) shares soar at the open following its Q4 earnings beat and announcement of a dividend increase. Although revenues dipped 1.2% Y/Y, total comp-store sales rose 1.3%. The teen retailer saw improved profit margins, and as the effect of cost-cutting measures takes hold, it also sees better than expected results for the current quarter.