UPDATE: Maidenform Posts Downbeat Q4 Profit, Issues Weak Q1 Forecast
Maidenform Brands Inc (NYSE: MFB) posted a weaker-than-expected fourth-quarter profit and issued weak Q1 forecast.
Maidenform projects Q1 earnings of $0.22 to $0.26 per share, on revenue of $150 million to $155 million. However, analysts were projecting earnings of $0.41 per share on revenue of $166.2 million. Maidenform posted a quarterly loss of $3.1 million, or $0.13 per share, versus a year-ago profit of $6.7 million, or $0.29 per share. Excluding one-off costs, Maidenform broke even, versus analysts' expectations of a profit of $0.02 per share.
Maidenform's sales climbed 5% to $124.5 million, versus analysts' estimates of $116.2 million.
Maidenform shares dipped 11.96% to $18.10 in pre-market trading.
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