Why Fortune Brands Stock Crashed After Earnings
Fortune Brands (NYSE: FBIN) stock imploded on Friday, falling 18% through noon ET after missing on both top and bottom lines in its Q4 report last night.Heading into the report, analysts forecast Fortune Brands would earn $1 a share on sales above $1.1 billion. Fortune actually earned $0.86 per share on sales just under $1.1 billion. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool