NYSE:FBINBuilding
Fortune Brands (FBIN) Stock Faces Margin Squeeze After Swing To Loss
Fortune Brands Innovations slipped 0.8% to about $52 in the first trading session after its Q2 report, a muted move for a stock that has climbed roughly 34% over the past three months. The market is reacting to a quarter where revenue landed near $1.2b, while net income swung to a loss of about $22.5m and basic earnings per share dropped into negative territory.
The focus for investors is margin pressure and its implications over the next few years. Recent results now include a large one off...