Partylite Parent Blyth Surges on Guidance
Source: TheStreet
"Blyth (BTH - commentary - Cramer's Take) surged 13% after it swung to a loss in the second quarter, hurt by a goodwill impairment charge.
The Greenwich, Conn.-based company lost $89.4 million, or $2.24 a share, in the quarter, compared with the earnings of $4.2 million, or 10 cents a share, a year ago. Adjusted for goodwill impairment charge and loss from discontinued operations, the company earned 13 cents a share in the most recent quarter. Analysts surveyed by Thomson First Call were expecting loss of 4 cents a share.
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Partylite Parent Blyth Surges on Guidance
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