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Zumiez meets 3Q profit forecasts

LYNNWOOD, Wash. (AP) _ Zumiez Inc. (ZUMZ) on Thursday reported fiscal third-quarter net income of $11.9 million.

The Lynnwood, Washington-based company said it had profit of 48 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 48 cents per share.

The clothing retailer posted revenue of $245.8 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $242.9 million.

For the current quarter ending in January, Zumiez said it expects revenue in the range of $291 million to $297 million. Analysts surveyed by Zacks had expected revenue of $287.6 million.

Zumiez shares have decreased roughly 1 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $21.70, a decrease of 13 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZUMZ at https://www.zacks.com/ap/ZUMZ