IN BRIEF / Southern California
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Hot Topic Inc., which sells rock band T-shirts and other music-related items, said fiscal third-quarter earnings will rise about 20% from a year earlier as sales increased.
Earnings will increase to 40 cents to 42 cents a share for the quarter ending Nov. 3 from 34 cents a year earlier, Hot Topic said. Sales for the five weeks ended Saturday rose 18% from the year-ago period.
Hot Topic is expected to earn 42 cents in the quarter, the average estimate of seven analysts polled by Thomson Financial/First Call.
Shares of Industry-based Hot Topic rose $1.85, or 6.5%, to close at $30.25 on Nasdaq.
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