Tennant Co. shares are down about 2.5% in early trading after the company lowered its 2014 profit guidance during the discussion of its 4Q results this morning.
Tennant, a Minneapolis-based maker of industrial and commercial cleaning supplies and equipment, said it expects to make $2.50 to $2.80 a share in profit for 2014. The consensus forecast from analysts had been $2.83. Tennant said it was on a drive to boost revenue. The company's 4Q adjusted profit of 65 cents a share also came in below expectations of 71 cents.
Here's the five-day chart on Tennant, which makes today's dip plainly visible:
Business links for the day from Minnesota, the Upper Midwest and the world...
Iowa-based grocer Hy-Vee is coming to Twin Cities – StarTribune Friedman: How to get a job at Google – NY Times El-Erian vs. Gross, the showdown atop PIMCO – WSJ Defense Dept. wants to cut ship orders from Marinette Marine – Journal Sentinel Analysts expect Target to report $8-9 billion loss on Canada push – NY Times 9th District mid-cap firms outperformed S&P MidCap 400 in 2013 – FedGazette Amid economic angst, I-Falls looks back on labor unrest – MPR Ticket sales on Kanye West tour slump, prices slashed – New York Post This Vivian Maier photo exhibit looks very cool (thru March 1) – MPR Alec Baldwin says farewell to public life – New York Mag
Strib's DC business correspondent Jim Spencer talks on public radio about Optum's work fixing health insurance exchanges as the UnitedHealth subsidiary takes over as prime contractor for Maryland's struggling website.
by Jim Spencer2/25/2014 4:52:41 PM
ICYMI on the Just Listed blog, Minnesota ranks 10th in nation for LEED buildings, find out which ones at ow.ly/tXy7F