UPDATE 1-Maidenform Q3 profit beats Wall Street

Tue Nov 10, 2009 10:18pm GMT
 
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* Q3 adj EPS $0.42 vs est. $0.35

* Q4 EPS view $0.17-$0.21 vs est $0.20

* Raises FY EPS view to $1.16-$1.20

* Q3 net sales $128.7 mln vs est. $129 mln

Nov 10 (Reuters) - Intimate apparel maker Maidenform Brands Inc (MFB.N) posted a third-quarter profit that beat estimates, helped by strong sales of its shapewear products, and forecast fourth-quarter earnings in a range, the mid-point of which was below Wall Street's expectations.

For the fourth quarter, the company expects earnings in the range of 17 cents a share to 21 cents a share.

Analysts on average were expecting earnings of 20 cents a share, before items, according to Thomson Reuters I/B/E/S.

The company expects sales to increase 3 percent to 6 percent for the period, it said in a statement.

The company, whose brands include its namesake brand and Flexees and Lilyette, also raised its full-year adjusted earnings view to $1.16 a share to $1.20 a share, up from its prior view of $1.10 a share to $1.16 a share.  Continued...

 

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