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Gordmans Stores Reduces Estimates

Description:Gordmans Stores (GMAN) announced on Monday that it now expects third-quarter profit of 18 cents to 20 cents a share, down from the previous estimate of 4 cents to 26 cents a share, due to a 2.1 percent drop in same store sales in the third quarter. The retailer expects earnings of 58 cents to 61 cents per share for the fourth quarter, down from the previous estimate of 62 to 65 cents per share. (0:40)

Source: Market News Video

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