HELE not so good news:
The company forecast sales of $615 million to $640 million in fiscal year 2006, which began March 1, up from $581.5 million in fiscal year 2005, and earnings per share of $2.50 to $2.60, up from $2.35.
But analysts on average forecast $2.85 a share, according to Reuters Estimates.
Profit in the fiscal fourth quarter ended Feb. 28 was $12.0 million, or 37 cents a share, compared with $7.52 million, or 23 cents, in the comparable period a year earlier. Analysts, on average, expected the company to earn about 37 cents according to Reuters Estimates.
Sales rose 13 percent to $127.6 million from a year earlier, beating analyst expectations of $120 million.
The El Paso, Texas, company in February had lowered its earnings forecast to between 35 cents and 45 cents per share, from earlier guidance of 58 cents to 63 cents. Helen also revised its sales forecast to $120 million, down from $136 million to $146 million.
Down 10% as I write, to Oct. lows.
stockcharts.com[h,a]daclyiay[dd][pc21!d10,1!f][vc60][iut!Lc20!La12,26,9]&pref=G |
