RTTNews | Dec 3, 2021 11:22AM EST

11:21 Friday, December 3, 2021 (RTTNews.com) - California-based apparel seller, Tilly's, Inc. (TLYS) is trading 10% higher in the Friday market after the company announced a much improved net income in the third quarter. The outlook for the next quarter was also better than the analysts' forecast.

Net income improved to $20.8 million, or $0.66 per share compared to $2.1 million, or $0.07 per share last year. On average three analysts polled by Thomson Reuters estimated the earnings to be $0.35 earnings per share.

For the fourth quarter, the company expects the earnings to be in the range of $0.42 to $0.50 while the Street forecast remains at $0.15 per share.

The stock is currently trading at $15.82, up $1.39 or 9.63% since the previous close at $14.43. The stock opened at $15.86 in the morning. In the 52-week period, the shares have ranged between $7.85 and $17.80 per share.

Read the original article on RTTNews ( https://www.rttnews.com/3246809/tilly-s-up-following-better-quarterly-results-outlook-better-than-view.aspx)

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