Wet Seal Stock Jumps on Earnings Projection

Shares of Wet Seal Inc. rose nearly 14% Monday after the chain of young women’s fashion stores received a vote of approval last week from a stock analyst.

Monday’s gain followed a 20% rise Friday after financial commentator Dan Dorfman reported that money manager Chuck Royce believes Wet Seal will post annual earnings of as much as 30 cents a share for fiscal 1995.

Wet Seal, based in Irvine, closed Monday at $5.13 cents a share in Nasdaq trading, up 62 cents.

Wet Seal officials could not be reached for comment.