Why 1-800-Flowers.com Stock Dropped 12% Today
Shares of phone and online florist 1-800-Flowers.com (NASDAQ: FLWS) closed 11.9% lower on Thursday, even as the company posted Q4 sales and earnings earlier in the morning that beat Wall Street's estimates.
1-800-Flowers' sales of $259.4 million were better than the $255.2 million projected for it. Likewise, the company's $0.13-per-share loss was better than the $0.14-per-share loss that analysts had expected to see.
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Source Fool.com
