Fred's (FRED) Reports Q3; Retains Merrill Lynch For Review After Multiple Inquiries
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Price: $15.31 +1.53%
EPS Growth %: -33.3%
Financial Fact:
Income before income taxes: 16.96M
Today's EPS Names:
LBIX, ESEA, ISS, More
EPS Growth %: -33.3%
Financial Fact:
Income before income taxes: 16.96M
Today's EPS Names:
LBIX, ESEA, ISS, More
Trade FRED Now!
Fred's Inc. (Nasdaq: FRED) reports Q3 EPS of $0.12 per share, which includes 2c affect from timing shift, versus the consensus of $0.14. Revenues came in at $407.9 million, versus the consensus of $420.9 million.
Separately, Hayes noted that Fred's has received multiple inquiries from qualified parties. The Board of Directors has retained Merrill Lynch & Co. to review a range of strategic and financial alternatives; and, on the advice of counsel, the Company has temporarily suspended its stock repurchase program.
Separately, Hayes noted that Fred's has received multiple inquiries from qualified parties. The Board of Directors has retained Merrill Lynch & Co. to review a range of strategic and financial alternatives; and, on the advice of counsel, the Company has temporarily suspended its stock repurchase program.
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