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Express profit down but beats Street in Q2; boosts forecast
Columbus, Ohio – Express Inc. beat Wall Street expectations for both profit and revenue during the second quarter of fiscal 2014. The retailer, which is facing a possible takeover battle, reported better-than-expected net earnings of $6.9 million, down 59% from $16.9 million in the year-ago period. The company also increased its annual profit forecast.
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The Next Revolution in LEDs is Control
The LED revolution sweeping the building industry is now ready for the next stage: intelligent lighting control, which has the potential to transform the retail environment by making it more flexible, better understood and connective with shoppers.
LEDs are inherently dimmable, and many LED products are sold with dimming capability regardless of how the owner plans to control them.