Electronics retailer hhgregg (HGG +20%) skyrockets after reporting FQ2 revenue of $618.6M (+45%...

|By:, SA News Editor

Electronics retailer hhgregg (HGG +20%) skyrockets after reporting FQ2 revenue of $618.6M (+45% Y/Y) and EPS of $0.16, soundly beating consensus by $76M and $0.10. Same-store sales rose 1.5% - much of the company's revenue growth came from new store openings. Hhgregg is lifting its FY12 EPS guidance range to $1.26-$1.41, from a prior range of $1.20-$1.35.