Checkpoint Systems Inc. Profit Drops 67% In Q3

(RTTNews) - Checkpoint Systems Inc. (CKP) revealed earnings for third quarter that dropped compared to the same period last year.

The company said its profit declined to $3.00 million, or $0.07 per share. This was down from $9.20 million, or $0.22 per share, in last year's third quarter.

Analysts had expected the company to earn $0.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.1% to $145.93 million. This was down from $160.59 million last year.

Checkpoint Systems Inc. earnings at a glance:

-Earnings (Q3): $3.00 Mln. vs. $9.20 Mln. last year. -Earnings Decline (Y-o-Y): -67.4% -EPS (Q3): $0.07 vs. $0.22 last year. -EPS Decline (Y-o-Y): -68.2% -Analysts Estimate: $0.10 -Revenue (Q3): $145.93 Mln vs. $160.59 Mln last year. -Revenue Change (Y-o-Y): -9.1%

-Guidance: Full year revenue guidance: $575 - $600 Mln