Gordmans Stores Inc. (GMAN: Quote) announced after the close Monday that fourth quarter comparable sales declined 4.6%. The Company now expects revenues for the fourth quarter to be approximately $203 million, compared with previous guidance of $213 million to $215 million. The Company expects diluted EPS to be $0.35 to $0.37, compared with previous guidance of $0.58 to $0.61.
Gordmans Stores gapped open sharply lower Tuesday and is now down 2.07 at $11.91 on above average volume. The stock has plunged to a new low for the year.
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by RTT Staff Writer
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