Maidenform Brands (MFB) announced Wednesday that third-quarter net income dropped 20 percent, beating estimates. Investors, however, were concerned that orders by department stores were weak. Net income fell to $12.8 million, or 55 cents per share versus $16 million, or 67 cents per share.
Shares are lower by over 12.6 percent.
Assurant (NYSE:AIZ), which insures foreclosed properties issued a report on Wednesday citing “evidence of abuses” in the industry. President Gene Mergelmeyer said, “Many of the properties we insure have a history of multiple losses.”
Investors sent shares lower by nearly 12 percent on the report.
Milk producer Dean Foods (DF) shares are being pummeled for the second day after the company reported worse-than-expected results yesterday and announced that its CFO was stepping down. Further, management declined to offer a forecast and said it sees no clear end in sight to deep
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