Graco Inc. (GGG) Wednesday reported second-quarter net income of $28.8 million or $0.17 per share, down from $88.1 million or $0.51 per share last year. Adjusted earnings dropped to $0.37 per share from $0.50 per share last year. Net sales dropped 14% to $366.9 million from $428.3 million last…
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After reporting three straight months of declines in U.S. existing home sales, the National Association of Realtors released a report on Wednesday showing sales rebounded at a record pace in June. NAR said existing home sales spiked by 20.7 percent to an annual rate of 4.72 million in June after plunging by 9.7 percent to a rate of 3.91 million in May.
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