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DAILY EARNINGS

Commercial Metals Net Drops 13%, Zep Net slips 4%


Author: Mukesh Buch
ticker.com
Last Update: 10:23 AM ET January 07 2013

10:45 AM New York Commercial Metals first quarter net declined 13% to $49.7 million. Sequenom said preliminary result for the fourth quarter total revenue surged 59%. Zep first quarter net slid 4%.

Earnings Review

Commercial Metals Company (CMC), the metal fabricator said total revenues in the first quarter ending in November slipped 4% to $1.79 billion from $2 billion in the same period of last year. Net income in the quarter declined 13% to $49.7 million or 42 cents a diluted share compared to $107.7 million or 93 cents a share a year ago earlier.

Sequenom, Inc. (SQNM), the diagnostic testing equipments maker announced preliminary results for the fourth quarter ending in December. Total revenue surged 59% to $89 million and diagnostic services revenues jumped $46 million.

Zep Inc. (ZEP), the cleaning products provider stated revenue in the first quarter ending in November grew 3% to $158 million from $153.5 million in the same period of last year. Net income in the quarter slid 4% to $3.5 million or 16 cents a diluted share compared to $3.6 million or 16 cents a share a year ago earlier.
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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