$ZUMZ Zumiez Pops On huge earnings beat

NASDAQ:ZUMZ   Zumiez Inc.
Earnings details - Source Investorplace
Zumiez (NASDAQ:ZUMZ) earnings for the clothing company’s second quarter of 2020 have ZUMZ stock soaring higher after-hours Thursday. That comes after reporting diluted earnings per share of $1.01 on revenue of $250.39 million. Both of these are better than Wall Street’s estimates of 33 cents per share and revenue of $234.21 million.
Zumiez (ZUMZ) sign with bright white letters
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Let’s take a deeper dive into the most recent Zumiez earnings report below.
Diluted per-share earnings are up 180.6% than the 36 cents reported in Q2 2019.
Revenue for the quarter comes in 9.6% higher than the $228.43 million reported during the same time last year.
Operating income of $33.11 million is a 183.7% improvement year-over-year from $11.67 million.
The Zumiez earnings report also has it bringing in a net income of $25.39 million.
That’s a 181.2% increase compared to the company’s net income of $9.03 million from the same period of the year prior.