* Q3 EPS $0.66 vs Street view $0.64
* Same-store sales down 6.2 pct
* Sales rise 30.6 pct to $653.7 mln, misses estimates
* Cuts full-year profit outlook
NEW YORK, Feb 8 (Reuters) -Hhgregg Inc (HGG.N) reported
weaker-than-expected quarterly sales, hurt by tepid demand for
pricier televisions and appliances in the key holiday selling
season, prompting the U.S. electronics chain to slash its
fiscal 2011 outlook.
Sales in the third quarter ended Dec. 31 rose 30.6 percent
to $653.7 million, but missed the analysts' average forecast of
$654.6 million. Sales at stores open at least a year fell 6.2
The company, which had warned about the sales weakness in
January, said its third-quarter net income rose to $26.9
million, or 66 cents a share, from $22.7 million, or 57 cents a
share, a year earlier.
Analysts on average were expecting 64 cents a share,
according to Thomson Reuters I/B/E/S.
For fiscal 2011, the company now sees net income of $1.10 a
share to $1.15 a share, down from its prior outlook of $1.15 to
$1.23 a share.
"Industry sales from newer technologies like LED and 3D TV
increased less than expected," Chief Executive Dennis May said
(Reporting by Dhanya Skariachan, editing by Gerald E.