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Provider: Thomson Reuters Stock Report
Provider: MacroRisk Analytics/EconomicInvestor

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CLARCOR Inc Lowers FY 2013 Guidance

Wednesday, 18 Sep 2013 07:12pm EDT 

CLARCOR Inc announced that it is lowering it's fiscal 2013 expectations for sales growth and diluted earnings per share. The Company expect fiscal 2013 diluted earnings per share to be between $2.35 and $2.45. This range includes the $0.10 per diluted share negative impact of both the $4.6 million loss on disposal of equipment and the $3.1 million non-cash pension charge recognized in the third quarter. For fiscal 2013, the Company expects sales growth in the range of 1.0% to 2.0%. The Company reported revenue of $1.122 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.153 billion and EPS of $2.52 for fiscal 2013. 

Company Quote

1.12 +1.82%
10:49am EDT