Diamonds and Dogs
2/12/2013
The Valspar Corporation (VAL)Valspar is painting itself red today, down 7.44% at $61.95. The paint and coatings company saw its shares fall after the company missed estimates on its earnings. Valspar announced that it earned $55 million, or $0.60 per share for the period ended January 25th. Analysts were expecting the company to announce earnings per share of $0.67. Furthermore, the company cut its full year guidance by $0.05 per share. Management for Valspar said that the decline in earnings were a result of slower demand in its oversea markets. The company is still well above its 52-week low of $44.50.
Avon Products Inc. (AVP)
Avon Products is putting on some makeup and looking better today, up 20.42% at $20.81. The cosmetic and beauty company saw its shares climb after a better than expected earnings report. Avon announced that sales remained flat at $3 billion, and that EPS dropped 5% to $0.37 per share. Analysts' were expecting sales to be $3 billion but thought that EPS would be significantly less at $0.10 per share. CEO Sheri McCoy said, "We have a lot of work ahead of us but I am confident that we will continue to make progress towards the financial goals that we laid out for you." Avon climbed up near its 52-week high of $23.58.
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