(Reuters) - NEW YORK, July 30 - Small appliance and consumer
goods maker Jarden Corp. said on Monday its quarterly
profit rose on strong sales but issued a cautious outlook for
the rest of the year, sending shares down over 7 percent.
While Jarden did not lower any of its specific outlook
numbers, it will be "somewhat cautious" for the rest of the
year and not "... overly aggressive on inventory positions and
things like that" due to weaker consumer spending, Chief
Executive Martin Franklin said on a conference call.
Read more at Reuters.com Mergers News
goods maker Jarden Corp. said on Monday its quarterly
profit rose on strong sales but issued a cautious outlook for
the rest of the year, sending shares down over 7 percent.
While Jarden did not lower any of its specific outlook
numbers, it will be "somewhat cautious" for the rest of the
year and not "... overly aggressive on inventory positions and
things like that" due to weaker consumer spending, Chief
Executive Martin Franklin said on a conference call.
Read more at Reuters.com Mergers News
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