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Stock Market & Financial Investment News

News Breaks
January 22, 2013
16:33 EDTETHEthan Allen reports Q2 EPS ex-items 39c, consensus 37c
Reports Q2 revenue $191.3M, consensus $190.94M. Comparable design center written orders increased 0.1% over the prior year. The company said, "Hurricane Sandy negatively impacted our written orders, delivered sales, and our manufacturing margins during the quarter. Twenty eight of our Retail division design centers and eight independent retailer locations were affected. No adjustment to earnings per share was made to reflect the impact of Hurricane Sandy which we estimate may have been approximately $0.02 to $0.03 per diluted share."
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April 14, 2015
08:18 EDTETHEthan Allen down 1.9% after reporting preliminary Q3 results
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08:17 EDTETHEthan Allen announces 2M share increase to stock repurchase authorization
During the quarter Ethan Allen resumed its stock repurchase program by utilizing $2.8M to purchase 103,766 shares. The board has authorized an increase to the stock repurchase authorization of 2M shares taking the total open repurchase authorization to 3M shares.
08:16 EDTETHEthan Allen raises quarterly dividend by 16.7% to 14c per share
Ethan Allen's board has declared a regular quarterly cash dividend of 14c per share, an increase of 16.7%, which will be payable to shareholders of record as of July 9, and will be paid on July 24.
08:14 EDTETHEthan Allen sees Q3 adjusted EPS about 18c, consensus 22c
Sees Q3 revenue flat vs. 3Q14. Ethan Allen's CEO Farooq Kathwari stated, "During Q3 we began phase two of our new product launch as planned and continued implementing many initiatives. We are freshening up our design centers and adding to our professional staff of retail management and over 1,500 interior designers in North America. Technology is being added at all levels with a major emphasis on our website. We are very focused on increasing our manufacturing in the United States and North America. Importantly, we are strengthening our merchandising programs with changing since last fall to this fall about 70% of our offerings. As we have discussed, these initiatives are very important for the long-term, but there will be some disruption in the short-term due to continued sell off of floor samples, implementing new product through our manufacturing and increasing our operating expenses. We expect written and delivered sales for the quarter to be flat to last year and adjusted EPS in the range of 18c."

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