CLARCOR Inc. Reports 8% Increase In Q3 Profit

(RTTNews) - CLARCOR Inc. (CLC) reported earnings for its third quarter that advanced compared to the same period last year.

The company said its bottom line totaled $35.7 million, or $0.73 per share. This was higher than $33.1 million, or $0.66 per share, in last year's third quarter.

Analysts had expected the company to earn $0.69 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.9% to $331.4 million. This was down from $352.2 million last year.

CLARCOR Inc. earnings at a glance:

-Earnings (Q3): $35.7 Mln. vs. $33.1 Mln. last year. -Earnings Growth (Y-o-Y): 7.9% -EPS (Q3): $0.73 vs. $0.66 last year. -EPS Growth (Y-o-Y): 10.6% -Analysts Estimate: $0.69 -Revenue (Q3): $331.4 Mln vs. $352.2 Mln last year. -Revenue Change (Y-o-Y): -5.9%

-Guidance: Full year EPS guidance: $2.57 - $2.63 Full year revenue guidance: $1.380 - $1.390 Bln