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DAILY EARNINGS

ConAgra, Cintas Net Jump; Ennis Net Swings to Profit


Author: Mukesh Buch
ticker.com
Last Update: 10:50 AM ET December 22 2015

12:00 PM New York ConAgra second-quarter net surged to $155 million. Cintas second-quarter soared 187% to $345 million. Ennis third-quarter net swung to profit $11 million. Steelcase third-quarter net jumped 5% to $36 million.

Tollbooth Index increased 45.92 or 0.4% to 10,722.78.

Earnings Review

ConAgra Foods Inc (CAG), the packaged food maker reported net sales in the second-quarter ending on November 29 dropped 1.4% from a year ago to $3.09 billion.

Net income in the quarter surged to $154.9 million or 35 cents per diluted share compared to $10 million or 2 cents per share from the same quarter last year.

The company forecasted earnings per share in the third-quarter to be modestly higher than from a year ago period.

Cintas Corporation (CTAS), the business services provider reported revenues in the second-quarter ending in November advanced 8.5% from a year ago to $1.22 billion.

Net income in the quarter soared 186.6% to $345.1 million or $3.06 per diluted share compared to $120.4 million or $1 per share from the same quarter last year.

The company paid annual dividend of $1.05 per share totalling to $115.5 million, a 23.5% higher than the year ago period and was 32nd consecutive yearly increased of the dividend.

Cintas forecasted revenues for the fiscal 2016 to jump 7.8% to $4.83 billion and earnings per share to increase 14.3% to $3.83.

Ennis, Inc (EBF), the printing services provider said revenues in the third-quarter ending in November declined 5.1% from a year ago to $139.5 million.

Net in the quarter swung to profit $10.7 million or 41 cents per diluted share compared to a loss of $71.2 million or $2.76 per share from the same quarter last year.

Steelcase Inc (SCS) tumbled 20.4% or $3.86 to $15.03 after the interior architectural products maker stated revenues in the third-quarter ending in November rose 1.6% from a year ago to $787.6 million.

Net income in the quarter jumped 4.5% to $35.6 million or 28 cents per diluted share compared to $11.8 million or 9 cents per share from the same quarter last year.

Steelcase estimated revenues for the fourth-quarter of about $749.9 million and diluted earnings per share of about 18 cents.
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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