By Vinayak on Friday, September 13, 2013 with 0 comments
Ethan Allen Interiors Inc. (NYSE:ETH) is a home furnishings manufacturer and retailer. The company has had a change in management with Dave Moore in as the new Vice President and Chief Brand Officer.
Dave Moore is a renowned name in the world of advertising with his stellar work for AT&T, Nestle, Sprint, Johnson & Johnson, Motorala, Coke and GM. Moore joins Ethan Allen after a stint with ad agency AFG&, where he was Co-Chief Creative Officer. Prior to that he worked at McCann-Erickson New York as an Executive Creative Director. Moore was also a Chief Creative Officer at McCann Detroit where he oversaw one of the first-ever viral videos: the award-winning Tiger Trap for Buick starring Tiger Woods.
It seems like Ethan Allen shareholders are excited about the news as seen in how ETH shares surged nearly 2% in after hours trading.
Ethan Allen has kept expanding and has made its mark as a premier home furnishings and design firm. The company has been in existence for over 80 years.
The Kroger Co. (NYSE:KR) reported a profit and met Wall Street's expectations. The revenue beat is an encouraging sign for investors who are looking for high company growth. Adjusted EPS rose 17.65% to $0.60 in the quarter versus EPS of $0.51 in the quarter a year ago, meeting analyst expectations of $0.60.
Revenue was also up 4.58% to $22.72 billion from the year-earlier quarter, beating analyst expectations of $22.71 billion.
Kroger is committed to delivering shareholder value through increases in sales and deepening customer loyalty.
Netflix (NASDAQ: NFLX) took a bearish turn recently after Morgan Stanley downgraded the stock on Wednesday. It does appear that the bearish momentum could prevail as we close the trading week.
Morgan Stanley moved NFLX to Equal-Weight from Overweight. The bank believes that there are some major valuation issues, with the stock price spiking an astronomic 439.36% over the past 12 months. It has actually been the best performing S&P 500 stock this year.
Brady Corp (NYSE: BRC) had reported earnings yesterday and its shares closed down $2.07, or 6.4%, at $30.52. Brady Corp is in the midst of multi-year corporate restructuring and a host of acquisition and restructuring costs pushed the Milwaukee-based manufacturer into a loss for the most recent quarter.
Brady reported a loss from continuing operations of $177.3 million, or $3.41 a share, compared with net income of $11.7 million or 40 cents a share in the same quarter last year. The last quarter included more than $220 million of charges for reorganization, acquisition and impairment for changes in the value of "long-lived assets" in its Asian facilities.
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