Maidenform Brands Q4 profits surge
Maidenform Brands, Inc. (NYSE: MFB) shares are lifting after the maker of intimate apparel posted a 97% rise in fourth-quarter profit on strong sales.
For the three months ended Dec. 29, quarterly profit increase to $6.4 million, or $0.27 per share, from $3.2 million, or $0.13 per share, a year earlier. Analysts expected earnings of $0.20 per share.
Fourth-quarter revenue climbed 13% to $95.8 million, compared with $85 million during the year-ago period. Wall Street analysts, on average, projected revenue of $89.8 million.
Going forward, the Bayonne, N.J.-based firm sees fiscal 2008 earnings growth of 10% to 15% and a net sales increase of 4% to 7%.
In afternoon trading, MFB shares are up 19.51%, or $2.35, at $14.38. Over the last 52 weeks, shares have ranged from $11.03 to $24.49.
About the Author
Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
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