Maidenform Brands Inc. (MFB) reported third quarter EPS of $0.44 Wednesday morning, down from $0.55 in the previous year. The consensus estimate was for EPS of $0.55. The company expects to report fourth quarter EPS of flat to $0.04 and full year 2011 EPS is expected to be between $1.73 and $1.77. The consensus estimates are for EPS of $0.32 and $2.17.
Maidenform Brands gapped open sharply lower Wednesday and fell in early trade, before settling into a narrow range. Shares finished down by 6.21 at $17.91 on the highest volume of the year. The stock dropped below a 3-month range and set a new low for the year.
For comments and feedback: editorial@rttnews.com