Hot Topic Not So Hot (HOTT)

Posted in pre-market 
November 19th, 2009

Hot Topic, Inc. (NASDAQ: HOTT) isn’t looking so hot.  The teen and tween retailer posted earnings that were mostly in line with expectations but ahead on the bottom line at $0.15 EPS vs. $0.13 estimates.  Expectations for its Q4 profit view are a disappointment, so that looks like the new Twilight movie isn’t going to be as big of a boost like it was last year.  HOTT is down over 12% at $5.85 on over 120,000 shares as of 8:24 AM EST.  The 52-week range is $5.09 to $13.87 aqnd average volume is about 1 million shares.  There has been at least one analyst downgrade this morning.


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