Monness, Crespi, Hardt Downgrades FTD Companies (FTD) to Neutral
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FTD Companies, Inc. Announces Second Quarter 2016 Financial Results
August 4, 2016 4:06 PM EDTDOWNERS GROVE, Ill., Aug. 04, 2016 (GLOBE NEWSWIRE) -- FTD Companies, Inc. (Nasdaq: FTD) (FTD or the Company), a premier floral and gifting company, today announced financial results for the second quarter and six months ended June 30, 2016.
We are pleased with the growth in revenues across our International and Florist segments as well as our gifting brands, however, we faced topline headwinds in our U.S. floral businesses that impacted our overall second quarter financial performance, commented FTD President and Chief Executive Officer, Robert Apatoff. While we expect it will take time to fully realize the... More
