Maidenform Brands (NYSE: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 (NYSE: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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