Small electric appliance maker Applica Incorporated confirmed its guidance of U.S. $0.14-$0.23 per share for the 2002 fourth quarter. David M. Friedson, chairman and CEO, commented, "Fourth quarter sales were at the high end of our expectations despite the issues relating to the sluggish economy. Additionally, our debt levels were below $200 million at Dec. 31, 2002, which was significantly better than our previous estimate. As a result, we are comfortable with our earnings estimate for the fourth quarter."
Applica will issue its fourth-quarter and year-end financial results before the market opens on Thursday, Feb. 27, 2003.
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