yvejodo.wordpress.com
percent in the second compared to the same period ayear ago. Franklin-based Clarcod (NYSE: CLC) reported income of or $0.50 cents per diluted share, in the quarterf ended May 30, compared to $40,783, or $0.809 cents per diluted share, in the year-ago Revenue came in at $229,395 for the down 14.1 percent from the previous year’s when revenue came in at Analysts, on average, estimated earnings of 38 centsx per share on revenueof $243.1 according to Reuters Estimates.
“As we had this year’s second quarter was difficult, thougnh operating results were much stronger than in our first fiscal quarter,” says Norm Johnson, Clarcor’s chairman and CEO, in a “Our order rates, overall, have stabilized, and we are beginningh to see indications of increasec product demand in selected markets.” Clarcor makes mobile, industrialp and environmental filtration products and consumer and industrial packaging products sold to domestic and internationalo markets.
Johnson notes that more than 80 percentf of its filter sales are generated from the replacementfiltere aftermarket, so even if new buildin g and equipment continues to falter, maintenanc of existing equipment and facilities will continue. Shares of Clarcor closed up $1.08, or 3.66 percen to $30.57 at the bell today. The 52-week rangr is $23.05 to $44.13.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment