DANBURY, Conn. _ Ethan Allen Interiors Inc. on Tuesday reported fiscal second-quarter net income of $16.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Four analysts surveyed by Zacks expected $203.1 million.
Analysts have identified retail as the next sector that's likely to get rattled by activist investors.
That failed to sway a Delaware judge, who ruled last month that oil producer Vaalco Energy Inc had violated the state's widely used corporate law with a charter provision that barred the removal of directors without cause. The ruling could have an impact well beyond tiny Vaalco to include such well-known names as Aeropostale Inc, Cigna Corp, Ethan Allen...
Nov 24- Activist investor Sandell Asset Management Corp said its nominees were not elected to Ethan Allen Interiors Inc's board, dealing a blow to the hedge fund's intense, four-month effort to drive changes at the storied home furniture company. Tuesday's early results hand a victory to Ethan Allen's long time CEO, Farooq Kathwari, who has led the company in...
Nov 24- Activist investor Sandell Asset Management Corp said its nominees were not elected to Ethan Allen Interiors Inc's board, citing preliminary voting results at the company's 2015 annual meeting.
Big financials — Bank of America, Wells Fargo and BlackRock — report ahead of the opening bell Wednesday.
Aug 14- Activist investor Sandell Asset Management Corp said Ethan Allen Interiors Inc should consider selling itself to a private equity firm or monetizing its real estate holdings. Sandell, which owns about 5.5 percent of the furniture retailer, said the company could be worth about $41 per share with its real estate fetching about $450 million, or $16 per...
Aug 14- Activist investor Sandell Asset Management Corp said furniture retailer Ethan Allen Interiors Inc should consider selling itself to a private equity firm or monetize its real estate holdings. Sandell said the company's real estate assets may be worth about $450 million, or about $16 per share. Ethan Allen's shares closed at $30.99 on Thursday on the...
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BlackRock's CEO Larry Fink said Wednesday that too many stock repurchases may be holding back the economy.
U.S. stocks closed mildly lower on Wednesday as investors remained anxious ahead of an impending Greek parliament vote.
Shares of several companies jump after activist investors unveiled ideas at Delivering Alpha.
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Some of Wednesday's midday movers:
Farooq Kathwari, Ethan Allen Interiors chairman and CEO, says discounting is like a craze; retailers follow each other. It is a race to not making money, he adds.
Ultra-bear Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC on Friday that the same easy money policies affecting stock and bond prices drive speculative on the controversial digital currency bitcoin, which crossed the $1,200 briefly Friday morning.
Farooq Kathwari, Ethan Allen chairman, president & CEO, discusses how his company is changing the way it reaches new consumers with "The New Eclecticism."
Earnings reports from Boeing and dozens of other major companies could set the course for stocks Wednesday, as the Dow reaches for new highs.