The company offered this forward looking statement, "Based on management's current view of sales trends, the company expects third quarter earnings to be in a range of $0.22 to $0.25 per share, compared to earnings of $0.30 per share last year. This guidance includes a tax benefit of approximately $0.05 per share associated with the repatriation of earnings from Canada. The guidance excludes the possibility of additional impairments or losses related to investment securities." Analysts, on average, expected Q3 EPS of 24 cents.
Write to Chip Brian at cbrian@tradethetrend.com
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