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Hot Topic Q4 profit up
13 Mar '08
3 min read
During the fourth quarter of fiscal 2007, the company did not repurchase any shares of its common stock. The company's stock repurchase program, originally authorized by the Board of Directors' on August 13, 2007 to repurchase up to an aggregate of $40,000,000 of its common stock, expired on February 2, 2008.
During the third quarter of fiscal 2007, the company acquired 870,470 shares of its common stock at an average cost of $8.23, reflecting a total investment of approximately $7.2 million.
The company issued first quarter (13 weeks ending May 3, 2008) guidance of a net loss in the range of $0.03 to $0.06 per share based upon a comparable store sales decline in the low-single digit percentage range.
A conference call to discuss fourth quarter and fiscal year end results, business trends, guidance and other matters is scheduled for March 12, 2008 at 4:30 PM (ET).
The live conference call number pass code "Hot Topic", and will be accessible to all interested parties. It will also be webcast on the company's Investor Relations website.
During the third quarter of fiscal 2007, the company acquired 870,470 shares of its common stock at an average cost of $8.23, reflecting a total investment of approximately $7.2 million.
The company issued first quarter (13 weeks ending May 3, 2008) guidance of a net loss in the range of $0.03 to $0.06 per share based upon a comparable store sales decline in the low-single digit percentage range.
A conference call to discuss fourth quarter and fiscal year end results, business trends, guidance and other matters is scheduled for March 12, 2008 at 4:30 PM (ET).
The live conference call number pass code "Hot Topic", and will be accessible to all interested parties. It will also be webcast on the company's Investor Relations website.
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Eliar Elektronik San. A.S.
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