Zumiez stock rallies 18% on surprise Q1 profit

Shares of Zumiez Inc. rallied 18% in the extended session Thursday after the retailer swung to a surprise quarterly profit and sales were higher than expected. Zumiez said it earned $800,000, or 3 cents a share, in the first quarter, versus a loss of $2.6 million, or 10 cents a share, in the year-ago quarter. Sales rose 3% to $213 million, compared with $206 million a year ago. Analysts polled by FactSet had expected a loss of 9 cents a share on sales of $206 million for the quarter. "We delivered better than expected results to start the year due to strong performance in the last two months of the first quarter," Chief Executive Rick Brooks said in a statement. The shares had ended the regular trading day down 7%.

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