UPDATE 1-Hot Topic Q2 loss wider than estimates; Q3 view weak

* Q2 loss $0.14/shr vs est loss/shr $0.13

* Revenue $150.0 mln vs est $150.4 mln

* Sees Q3 EPS $0.05-$0.08 vs est $0.11

Aug 18 (BestGrowthStock) – Teen apparel retailer Hot Topic Inc
(HOTT.O: ) posted a bigger-than-expected quarterly loss, hurt by
faltering sales at both its namesake and Torrid stores, and
forecast third-quarter earnings well below estimates.

The company has been mostly underperforming its peers over
the past one year, after it lost its exclusivity from selling
‘Twilight’ related merchandise.

[For a Reuters Insider preview for the company’s earns,
please click:
236b14a12c] City of Industry, California-based Hot Topic,
which sells rock ‘n’ roll-inspired apparel and accessories,
posted a loss of $6.3 million, or 14 cents a share, in the
second quarter.

Analysts were expecting a loss of 13 cents a share,
according to Thomson Reuters I/B/E/S.
Sales fell 5 percent to $150.0 million.

The company expects to earn 5-8 cents a share for the
current quarter, against analyst estimates of 11 cents a share.

Hot Topic shares have lost almost half their value since
they hit a year-high in April. They had closed at $4.91
Wednesday on Nasdaq.
(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by
Anne Pallivathuckal)

UPDATE 1-Hot Topic Q2 loss wider than estimates; Q3 view weak