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DAILY EARNINGS

FactSet Research, Sanderson Farms Net Jump


Author: Mukesh Buch
ticker.com
Last Update: 12:11 PM ET December 17 2013

10:45 AM New York FactSet Research first-quarter net jumped 5% to $52 million and sales climbed 6%. Sanderson Farms fourth-quarter net surged four-fold to $45 million as sales soared 12%. Zoltek fourth-quarter net swung to a loss.

Earnings Review

FactSet Research Systems Inc. ((FDS), the financial information provider reported total revenues in the first-quarter ending in November advanced 6% to $223 million. Net income in the quarter rose 4.8% to $52.2 million or $1.19 a diluted share compared to $49.8 million or $1.11.

Sanderson Farms, Inc. (SAFM), the poultry processing company said net sales in the fourth-quarter ending in October climbed 12% to $727.1 million. Net income in the quarter surged 387% to $45.3 million or $1.97 a diluted share compared to $9.3 million or 41 cents.

Zoltek Companies, Inc (ZOLT) rose 1 cent to $16.74 after the carbon and technical fibers maker said net sales in the fourth-quarter ending in September dropped $41 million from $44.2 million a year ago period.

Net in the quarter swung to a loss of $0.2 million compared to a net income of $4.25 million or 13 cents per share a year ago.

Zoltek said net sales in the year declined 25% to $140.5 million from $186.3 million a year 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