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Monday, April 23, 2012

ETH - Still more downside not cooked in?

Ethan Allen (ETH) -3.6% premarket after forecasting FQ3 adjusted EPS of $0.13-$0.14, vs. analyst consensus $0.19, due to expenses related to revamping its product line that hurt profit by $0.04-$0.05. By the end of the fiscal year, the furniture maker says ~60% of its products will be new. ETH raises its quarterly dividend to $0.09 from $0.07

Still more downside not cooked in?

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