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DAILY EARNINGS

CSW Ind Net Plunges, Sysco Revenues and Profit Surges


Author: Mukesh Buch
ticker.com
Last Update: 3:21 AM ET August 15 2016

12:00 PM New York CSW Industrials first-quarter net plunged 53% to $4 million. Sysco fourth-quarter net surged 195% to $216 million and revenues soared 10% to $13.6 billion.

Tollbooth Index increased 35.29 or 0.3% to 11,205.36.

Earnings Review

CSW Industrials Inc (CSWI), the diversified industrial chemical producer said revenues in the first-quarter ending in June dropped 5.4% from a year ago to $84.1 million.

Net income in the quarter plunged 52.9% to $4.1 million or 26 cents per diluted share compared to the $8.7 million or 55 cents per share from the same quarter last year.

Sysco Corporation (SYY), the food service provider said net sales in the fourth-quarter ending on July 2 soared 10% from a year ago to $13.6 billion.

Net income in the quarter surged 195.5% to $215.7 million or 38 cents per diluted share compared to the $73 million or 12 cents per share from the same quarter last year.
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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