reported a sharp decline in third-quarter earnings, but managed to beat analysts' expectations by 2 cents.
The Scottsdale, Ariz., consumer products company earned $4.4 million, or 5 cents a share, excluding special charges and a one-time gain, down from $30.8 million, or 31 cents a share, last year. A
First Call/Thomson Financial
survey of 11 analysts gave a forecast of 3 cents a share.
Sales fell 6% to $411.1 million from $437 million a year ago, which reflected the company's effort to reduce end-of-quarter shipments and promotions, as well as increased competition.
Shares of Dial were recently trading up 50 cents, or 4.8%, to $10.94 in
New York Stock Exchange