Friday, June 15, 2018

Michaels Companies (MIK) Pulled Back On Weak Forecast

Michaels Companies (MIK) reported first quarter adjusted EPS of $0.39 Thursday morning, which topped the consensus estimate of $0.38. The company expects to report second quarter adjusted EPS of $0.12 to $0.14 and full year adjusted EPS of $2.19 to $2.32. Street expectations are for EPS of $0.19 and $2.32.

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