Specialty tea retailer Teavana (TEA), which soared following its July IPO, is down 8.7% after...

|By:, SA News Editor

Specialty tea retailer Teavana (TEA), which soared following its July IPO, is down 8.7% after reporting FQ2 revenue of $31.3M (+36% Y/Y) and EPS of $0.03 - no Street forecasts yet. Same-store sales rose 6.9% (exc. e-commerce). Teavana expects FY11 revenue of $160M-$164M, and EPS of $0.42-$0.44, and plans to open 50 new stores on the year.