Kid Brands (KID) Misses Q3 EPS by 1c; Guides FY11 EPS; Authorizes $10M Buyback
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Kid Brands (NYSE: KID) reported Q3 EPS of $0.10, $0.01 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $69.5 million versus the consensus estimate of $64.56 million.
Ses FY2011 EPS of at least $0.40, versus the consensus of $0.41.
Kid Brands also announced that on November 8, 2011, its Board of Directors authorized the repurchase of up to $10 million of the Company's common stock, and in connection therewith, terminated the repurchase program authorized by the Board in March of 1990. This new repurchase program may be suspended or discontinued at any time without prior notice.
Ses FY2011 EPS of at least $0.40, versus the consensus of $0.41.
Kid Brands also announced that on November 8, 2011, its Board of Directors authorized the repurchase of up to $10 million of the Company's common stock, and in connection therewith, terminated the repurchase program authorized by the Board in March of 1990. This new repurchase program may be suspended or discontinued at any time without prior notice.
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