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DAILY EARNINGS

Constellation Brands, Monsanto Net Climbs


Author: Mukesh Buch
ticker.com
Last Update: 1:47 AM ET January 08 2014

10:45 AM New York AZZ third-quarter net jumped 20% to $18 million. Constellation Brands third-quarter net climbed 93% to $211 million. Monsanto first-quarter net climbed 9% to $368 million. MSC Indl first-quarter net dropped 7% to $59 million. RPM Intl second-quarter net soared 53% to $64 million.

Earnings Review

AZZ Inc (AZZ), the electrical equipment and components maker said revenue in the third-quarter ending in November climbed 32.1% to $197.8 million.

Net income for the quarter jumped 19.5% to $18.4 million or 72 cents per diluted share compared to $15.4 million or 60 cents per share.

Constellation Brands, Inc (STZ), the wine maker reported revenue in the third-quarter ending in November soared 88% to $1.44 billion.

Net income for the quarter climbed 93% to $211 million or $1.07 per diluted share compared to $109.5 million or 58 cents per share.

Monsanto Company (MON), the agricultural products provider reported total net sales in the first-quarter ending in November advanced 6.8% to $3.14 billion.

Net income for the quarter climbed 8.5% to $368 million or 67 cents per diluted share compared to $339 million or 62 cents per share.

For the year, Monsanto expected earnings per share in the range of $5.02 to $5.22.

MSC Industrial Direct Co Inc (MSM), the metalwork and maintenance service provider net sales in the first-quarter ending in November soared 17.5% to $678.5 million.

Net income for the quarter dropped 8.5% to $59 million or 93 cents per diluted share compared to $63.2 million or $1 per share.

The company forecasted net sales in the second quarter between $660 million and $672 million and diluted earnings per share in the range of 83 cents to 87 cents.

RPM International Inc (RPM), the specialty chemicals maker stated net sales in the second-quarter ending in November climbed 5.3% to $1.02 billion.

Net income for the quarter soared 52.5% to $63.6 million or 48 cents per diluted share compared to $41.7 million or 31 cents per share.

The company expects sales growth for the year between 4% and 6% in industrial segment and consolidated net sales growth in the range of 5% to 7%.
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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