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BUSINESS BRIEFING / EARNINGS

Hot Topic's sales, net income climb

November 20, 2008|times wire reports

Hot Topic Inc. said its profit rose 11% in the third quarter on a 5% increase in sales.

The City of Industry teen apparel retailer said it earned $7.4 million, or 17 cents a share, in the three-month period ended Nov. 1, compared with $6.7 million, or 15 cents, in the same period last year.

Revenue rose to $197.3 million from $188.5 million.

Analysts polled by Thomson Reuters expected income of 16 cents a share on revenue of $195.8 million.

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