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DAILY EARNINGS

AZZ, IHS, SYNNEX Net Surge; Ferrellgas Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 12:45 PM ET September 29 2015

12:30 AM New York AZZ second-quarter net surged 25% to $17 million. Cantel Medical fourth-quarter net jumped 24% to $13 million. Ferrellgas Partners fourth-quarter net loss widened to $58 million. IHS third-quarter net soared 27% to $59 million. SYNNEX third-quarter net jumped 7% to $48 million.

Tollbooth Index slid 9.21 to 9,983.43.

Earnings Review

AZZ Inc (AZZ), the galvanizing services provider said revenues in the second-quarter ending in August soared 10.8% from a year ago to $214.2 million.

Net income in the quarter surged 25.2% to $17.2 million or 67 cents per diluted share compared to $13.8 million or 53 cents from the same quarter last year.

The company reaffirmed previously estimated earnings and revenue guidance between $2.85 and $3.30 and revenues in the range of $900 million to $940 million.

BGC Partners, Inc (BGCP), the brokerage company forecasted revenues for the third-quarter in the range of $680 million to $725 million compared to $449.8 million a year ago period.

Cantel Medical Corp (CMN), the infection prevention products maker reported total revenues in the fourth-quarter ending in July surged 15% from a year ago to $151.3 million.

Net income in the quarter jumped 24.3% to $13.3 million or 32 cents per diluted share compared to $10.7 million or 26 cents from the same quarter last year.

Ferrellgas Partners, L.P (FGP), the oil and gas services provider said total revenues in the fourth-quarter ending in July declined 4.1% from a year ago to $382.5 million.

Net loss in the quarter widened to $58.2 million or 64 cents per diluted share compared to $47.3 million or 58 cents from the same quarter last year.

IHS Inc (IHS), the professional information services provider reported revenues in the third-quarter ending in August jumped 6% from a year ago to $587.9 million.

Net income in the quarter soared 27% to $59.2 million or 86 cents per diluted share compared to $46.5 million or 68 cents from the same quarter last year.

The company forecasted revenues for the year ending in November in the range of $2.30 billion to $2.34 billion.

SYNNEX Corporation (SNX), the computer peripherals maker said revenues in the third-quarter ending in August declined 5.7% from a year ago to $3.33 billion.

Net income in the quarter jumped 7.1% to $48.2 million or $1.21 per diluted share compared to $45 million or $1.14 from the same quarter last year.

For the fourth quarter, the company forecasted revenues in the range of $3.48 billion to $3.58 billion and earnings per share between $1.74 and $1.79.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc