Finlay Enterprises (FNLY) Tops Q2 EPS by 20c, Issues Mixed Guidance for Q3 and FY
Finlay Enterprises, Inc. (Nasdaq: FNLY) reports a Q2 loss of $0.93, 20 cents better than estimates. Revenues were $148.0 million vs. $148 million consensus.
The Company anticipates a per share loss on a continuing operations basis for the third quarter between $1.10 and $1.20, based on a comparable store sales increase in the range of 2.5% to 3.5%. Total sales are projected to be in the range of $135 to $145 million for the third quarter. (Q3 consensus is a loss of $0.82 and revenue consensus is $146.8 million)
For fiscal 2007, the Company projects a net loss per share on a continuing operations basis in the range of $0.40 to $0.55, EBITDA in the range of $34 million to $36 million, and total sales in the range of $770 million to $790 million, excluding the Parisian store group. (FY consensus is a loss of $0.56 and revenue consensus is $763.6 million)
The Company anticipates a per share loss on a continuing operations basis for the third quarter between $1.10 and $1.20, based on a comparable store sales increase in the range of 2.5% to 3.5%. Total sales are projected to be in the range of $135 to $145 million for the third quarter. (Q3 consensus is a loss of $0.82 and revenue consensus is $146.8 million)
For fiscal 2007, the Company projects a net loss per share on a continuing operations basis in the range of $0.40 to $0.55, EBITDA in the range of $34 million to $36 million, and total sales in the range of $770 million to $790 million, excluding the Parisian store group. (FY consensus is a loss of $0.56 and revenue consensus is $763.6 million)
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