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* Big 5 Sporting Goods Corp. said fiscal third-quarter net income fell to $7.2 million, or 32 cents a share, from a previously restated $8.5 million, or 37 cents, a year earlier. The El Segundo-based operator of 318 sporting good stores said revenue for the quarter that ended Oct. 2 rose 4.5% to $206.8 mil- lion from a previously restated $198 million. The third-quarter results included pretax charges of about $1.9 million, or 5 cents a share, associated with legal and other fees related to the restatement.

* Tarrant Apparel Group reported a third-quarter profit on sharply higher sales in its private brands and private labels businesses. Earnings were $1.7 million, or 6 cents a share, compared with a loss of $4 million, or 14 cents, in the same year-earlier period. Revenue climbed 83% to $69.6 million. Tarrant’s shares soared 37%, or 39 cents, to $1.45 in after-hours trading after falling 2 cents to $1.06 in regular trading. The Los Angeles-based company reaffirmed its forecast for full-year sales of $210 million to $215 million and raised its net income projection to between $2 million and $2.5 million from a prior forecast of $1 million to $2 million.

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