Market Overview

UPDATE: Clarcor Posts 2.5% Drop In FQ4 Profit, Issues Weak 2013 Forecast


CLARCOR (NYSE: CLC) reported a 2.5% drop in its fiscal fourth-quarter earnings.

Clarcor expects 2013 earnings of $2.45 to $2.60 per share on sales growth of 2.5% to 4%. However, analysts expected a profit of $2.62 per share on sales growth of 5%.

Clarcor's quarterly profit fell to $36.3 million, or $0.72 per share, from $37.2 million, or $0.73 per share, in the year-ago period.

Its revenue declined 4.8% to $292.9 million. However, analysts were expecting earnings of $0.70 per share on revenue of $305 million.

Its gross margin dropped to 34.5% from 34.8%.

CLARCOR shares fell 0.97% to close at $47.16 yesterday.

Posted-In: profitEarnings News Guidance


Related Articles (CLC)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at