Blyth (BTH) lowers its FY12 EPS guidance to $2.28 - $2.43 from $2.47 - $2.62, citing seasonality, a difficult global macroeconomic environment and weak overall demand for its discretionary consumer products. Shares -2.7% AH.
Home decorations maker Blyth (BTH -14.3%) falls hard after reporting FQ3 revenue of $220.2M (+33% Y/Y) and EPS of $0.32 (no analyst estimates), and providing FY11 guidance. While Blyth is affirming its prior guidance for "normalized" 2011 EPS of $3.30-$3.50, it's lowering its "reported" guidace to $1.65-$1.85, from a prior range of $2.23-$2.43, and lowering its cash flow guidance due to the settlement of tax audits.
User2910+ FollowFollowing- Unfollow|Send Message18 Mar
$BTH it looks like they have met the criteria in bond covenant that lets them start repurchasing shares again? Any other opinions pls?
Mar 18, 2:51 PM
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Blyth Inc is a multi-channel company focused on the direct to consumer market. The Company designs and markets home fragrance products and decorative accessories, as well as weight management products, nutritional supplements and energy drinks.