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Blyth’s Quarterly Earnings Tumble 40%

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By: TOM BRANNA

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Blyth Inc., the largest U.S. candle maker, said its quarterly profit fell 40%, in-line with its lowered expectations, as soft consumer spending restrained retailers’ orders.Blyth, Greenwich, CT, said it earned $11.2 million in its second quarter ended July 31, compared with $18.8 million in the year-earlier period. On July 22, the company had warned of weaker-than-expected earnings due to the sluggish economy and cautious consumer buying.“Significant retailer caution continued in the...

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