Ennis Inc: Falls on dismal quarterly results as virus hits

Ennis

21/09/2020 19:19

** Shares of business envelopes and forms printer  EBF.N 
fall as much as 4.6% to a near two-month low of $17.10, after
gaining for two straight sessions 
    ** Q2 revenue falls 20.4% to $86.6 mln, net earnings slump
32% to $6.4 mln, as the COVID-19 pandemic hurt demand for its
products  urn:newsml:reuters.com:*:nBw70SQqwa
    ** The U.S. economy continues to be significantly impacted
by the COVID-19 pandemic and while parts of the economy have
started to reopen, unemployment rates continue to be extremely
high and consumer optimism remains low - CEO Keith Walters
    ** Stock has fallen over 20% so far this year

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))