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Home>Michaels shares rally after profit, sales beat expectations

Michaels shares rally after profit, sales beat expectations

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Wed, 27 Aug 2014

Shares of Michaels Companies (MIK) rallied 1.4% in premarket trade Wednesday, after the arts and crafts retailer reported better-than-expected fiscal second-quarter results, its first report as a public company. The company reported a loss of $48 million, or 26 cents a share for the quarter ended
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