Furniture Brands Rises on Outlook While Select Comfort Falls in Aftermarket Trading<\/p>\n
NEW YORK (AP) — Furniture Brands International Inc.’s improved outlook lifted shares of the furniture maker in aftermarket activity, while Select Comfort Corp. shares fell on a bleaker sales forecast.
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\nFurniture Brands International Inc. jumped 49 cents, or 3.5 percent, to $14.50 in the extended session after the company said it expects to post a smaller loss and sales decline for the second quarter than previously projected.<\/p>\n
The company sells furniture under the Broyhill, Thomasville and Lane brands.<\/p>\n
Shares climbed 3.4 percent to close the regular trading session at $14.01.<\/p>\n
Hoku Scientific Inc. picked up $3.45, or 75 percent, to $8.05 in extended trading after rising 2 cents during the regular session.<\/p>\n
The energy company said its Hoku Materials unit signed a $678 million contract for the sale and delivery of polysilicon to solar cell maker Suntech Power Holdings Co.<\/p>\n
Under the terms of the deal, Suntech will pay an initial $2 million deposit and prepayment of $45 million.<\/p>\n
Casey’s General Stores Inc. jumped $1.23, or 4.6 percent, to $27.90 after the convenience store operator easily beat analyst estimates with its fourth-quarter profit.<\/p>\n
Earnings rose 59 percent, aided by a one-time gain and stronger margins across its gasoline, grocery and other offerings.<\/p>\n
The company also boosted its quarterly dividend by 1.5 cents to 6.5 cents per share.<\/p>\n
Shares closed the regular session at $26.67.<\/p>\n
Sanofi-Aventis dropped 60 cents, or 1.4 percent, to $43.67 in the late session after a Food and Drug Administration advisory panel said the drug maker failed to show its weight-loss drug rimonabant is safe.<\/p>\n
The panel’s comments mean FDA approval is unlikely. The agency usually follows its panel’s advice, but it isn’t required to do so.<\/p>\n
The drug is suspected of causing suicidal behavior. The FDA is to make a final decision on the drug by July 27.<\/p>\n
Shares closed the regular session at $43.07.<\/p>\n
Select Comfort Corp. gave up 97 cents, or 5.7 percent, to $16 in the late session after the bedding maker cut its second-quarter and full-year sales forecasts, citing a challenging environment.<\/p>\n
Marketing initiatives have not paid off as expected, the company said in a transcript filed with the Securities and Exchange Commission.<\/p>\n
Shares closed the regular session at $16.97.<\/p>\n","protected":false},"excerpt":{"rendered":"
Furniture Brands Rises on Outlook While Select Comfort Falls in Aftermarket Trading NEW YORK (AP) — Furniture Brands International Inc.’s improved outlook lifted shares of the furniture maker in aftermarket activity, while Select Comfort Corp. shares fell on a bleaker sales forecast.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4214","post","type-post","status-publish","format-standard","hentry","category-furniture-indonesia-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/4214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=4214"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/4214\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=4214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=4214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=4214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}