UPDATE: Blyth Posts Q3 Profit, Lowers Full-Year Forecast
Blyth (NYSE: BTH) posted a third-quarter profit and cut its full-year earnings forecast.
Blyth now expects earnings of $2.28 to $2.43 per share, versus its prior forecast of $2.47 to $2.62 per share.
Blyth posted a quarterly profit of $745,000, or $0.04 per share, versus a year-ago loss of $5.6 million, or $0.34 per share. Excluding items, Blyth earned $0.13 per share.
Its revenue rose 40% to $268.8 million.
Blyth shares closed at $19.02 yesterday.
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