Blyth Posts Quarterly Profit Results
Source: Forbes
"The company reported a profit of $17 million, or 43 cents per share, compared with a loss of $12.3 million, or 30 cents per share, a year ago.Blyth recorded a goodwill impairment charge of $12 million, or 19 cents per share, in the current quarter versus a charge of $53.3 million in the prior-year period.
Adjusted earnings were $39.8 million, or $1 per share, versus $25.8 million, or 63 cents per share. Analysts surveyed by Thomson Financial forecast earnings of 60 cents per share. Quarterly revenue for the period ended Jan. 31, 2007 dipped 0.2 percent to $379.8 million from $380.7 million. The prior-year's results included $3.1 million in sales from the Impact Plastics operation, which was sold in the fourth quarter of last year. "
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Blyth Posts Quarterly Profit Results
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