NEW YORK, February 1 (newratings.com) – Analysts at Morgan Keegan maintain their “market perform”
rating on Furniture Brands International Inc (FBN.NYS), while raising their estimates for the company.
In a research note published this morning, the analysts mention that the company has announced its 1Q EPS guidance of $0.21 significantly short of the consensus. Furniture Brands International has indicated that the sales trends in all its divisions are deteriorating. The EPS estimates for 1Q and FY07 have been reduced from $0.42 to $0.19 and from $1.45 to $0.97, respectively.
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