By  on August 13, 2009

Maidenform Brands Inc. reported a less-than-expected decline in second-quarter profits and raised full-year guidance Wednesday, boosting shares nearly 7 percent.

For the three months ended July 4, the innerwear vendor said net income fell 6.8 percent to $7.3 million, or 31 cents a diluted share, from $7.8 million, or 33 cents, in the year-ago quarter. Net sales rose 5.9 percent to $114.2 million, from $108.1 million in 2008, aided by a 9.2 percent increase in shapewear sales. Analysts expected earnings per share of 25 cents on revenue of $111.6 million, according to Yahoo.

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