Finlay Enterprises (FNLY) Lowers Guidance

January 10, 2008 7:19 AM EST

Finlay Enterprises, Inc. (Nasdaq: FNLY) said sales for the two-month period including November and December increased 26.9% to $349.1 million.

As a result of lower sales than previously projected, the Company now estimates net income per diluted share on a continuing operations basis for the fourth quarter will be between $1.50 and $1.60. The Company's previous earnings estimate was $2.15 to $2.30 for the fourth quarter. The Wall Street consensus is $2.26.


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