hhgregg Down Nearly 17% on Disappointing Earnings, Same Store Sales

hhgregg (NYSE: HGG) is down nearly 17% on the disappointing earnings and same store sales that were reported this morning. The company announced Q1 EPS $(0.02) vs $0.01 Est (may not be comparable); Revenues $431.5M vs $478.72M Est and Q1 Same-Store Sales Fell 13.2%.

hhgregg is currently trading at $10.42. a loss of $2.08 or 16.64%.