Methode Electronics (NYSE:MEI) said that while they are encouraged by their first-quarter sales, they remain cautious about their business outlook for the next few quarters as the global financial recovery remains tenuous. Shares of Methode are lower by 14.8%.
Collective Brands (PSS) said that second quarter 2010 net earnings were $21.1 million, or $0.32 per diluted share, compared to $18.7 million, or $0.29 per diluted share, in the second quarter of 2009, missing analyst expectations.
Collective Brands shares are lower by 8%.
Movado Group (NYSE:MOV) posted an adjusted loss from continuing operations in the second quarter of fiscal 2011 of $1.1 million, or $0.04 per diluted share, compared to adjusted net income from continuing operations of $2.3 million, or $0.09 per diluted share in the second quarter of fiscal 2010.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.