PartyLite Expected to Boost Bottom Line for Blyth
...Shares of Blyth, Inc. soared on Friday after the company reported better-than-expected fourth-quarter results and gave a stronger than expected full-year view. The home-fragrance and design store projected fiscal 2011 earnings in the range of $3.20 and $3.50 a share, easily topping analyst projections for full-year earnings of $2.25 a share. The company cited its expectations for high sales from its PartyLite division, as well as margin improvement in the Miles Kimball Co. and cost reductions associated with the merger of Midwest-CBK... The full article can be found at the link below.
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