Furniture Brands International (FBN: NYSE - comment - research - Cramer's Take) fell 5% Thursday after the furniture outfit offered substandard second quarter guidance.
Wednesday night reiterated second-quarter corporate earnings estimates of 29 cents per share to 33 cents per share, including 3 cents of restructuring costs and 3 cents increase in interest expense.
Analysts surveyed by Thomson First Call expected earnings of 36 cents per share. St. Louis-based company said it will report second quarter results on July 26.
"Business conditions continue as expected from early May when we last commented on current trends," the company said. "We're in a seasonally challenging period furniture retail however, slightly positive net sales compared to the period last year."
Shares fell $ 1.06 to $ 19.52. >> Www.thestreet.com
Wednesday night reiterated second-quarter corporate earnings estimates of 29 cents per share to 33 cents per share, including 3 cents of restructuring costs and 3 cents increase in interest expense.
Analysts surveyed by Thomson First Call expected earnings of 36 cents per share. St. Louis-based company said it will report second quarter results on July 26.
"Business conditions continue as expected from early May when we last commented on current trends," the company said. "We're in a seasonally challenging period furniture retail however, slightly positive net sales compared to the period last year."
Shares fell $ 1.06 to $ 19.52. >> Www.thestreet.com
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