Finlay Enterprises, Inc. (Nasdaq:FNLY) reported before Wednesday’s opening bell that its fourth-quarter net income declined 17% to $13.4 million, or $1.43 per share, compared with $16.2 million, or $1.73 per share, a year earlier. Quarterly sales rose 24% to $383.1 million from $309 million during the same period of 2007.

In Wednesday’s trading, FNLY shares were down 7.35%, or $0.05, at $0.63. For detailed price information and recent news stories about Finlay Enterprises, click FNLY.

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