Lifetime Brands (LCUT) Declares $0.0425 Quarterly Dividend; 1.2% Yield
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Lifetime Brands (LCUT) Reports In-Line Q2 EPS
August 9, 2016 7:23 AM EDTLifetime Brands (NASDAQ: LCUT) reported Q2 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $118.1 million versus the consensus estimate of $123.35 million.
Jeffrey Siegel, Lifetime's Chairman and Chief Executive Officer, commented,
As we previously have noted, Lifetimes business is heavily weighted to the second half of the year. Our results for this quarter generally were in line with our expectations. Consolidated net sales decreased modestly, reflecting the timing of shipments. This decrease was offset by... More
