More on True Religion Apparel (TRLG): Q2 beats on the bottom line but misses on its top line as...

|About: True Religion Apparel, Inc. (TRLG)|By:, SA News Editor

More on True Religion Apparel (TRLG): Q2 beats on the bottom line but misses on its top line as revenue growth slowed from previous quarters. Net profit rose 3.6% as the jeans maker reported continued increases in direct consumer sales in the U.S., but the company cut FY12 earnings target to $1.80 - $1.86 per share, down from its previous target of $1.88 - $1.95. It also lowered the top end of revenue guidance by $5M, now seeing FY sales of $450M to $455M. Shares -13.1% AH.