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DAILY EARNINGS

Jabil Circuit Net Swings to Loss, Scholastic Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 12:16 PM ET September 25 2014

12:30 AM New York HB Fuller third-quarter net tumbled 86% to $4 million. Jabil Circuit fourth-quarter net swung to loss of $26 million. Omnova Solutions third-quarter net plunged 80%. Scholastic first-quarter net loss widened to $34 million. Worthington first-quarter net plummeted 19% to $44 million.

Tollbooth Index declined 1.6% or 153 to 9,234.63.

Earnings Review

HB Fuller Co (FUL), the adhesives manufacturer reported net revenue in the third-quarter ending in August jumped 2.4% to $526.8 million from a year ago period.

Net income in the quarter tumbled 85.9% to $3.99 million or 8 cents a diluted share compared to $28.3 million or 55 cents from a same quarter last year.

Jabil Circuit, Inc (JBL), the electronic chips maker stated net revenue in the fourth-quarter ending in August dropped 8.9% to $4.1 billion from a year ago period.

Net in the quarter swung to a loss of $26.2 million or 13 cents a diluted share compared to profit of $127 million or 61 cents from a same quarter last year.

Omnova Solutions Inc (OMN), the emulsion polymers provider said net sales in the third-quarter ending in August dropped 3.5% to $252.1 million from a year ago period.

Net income in the quarter plunged 80% to $1.8 million or 4 cents a diluted share compared to $9 million or 19 cents from a same quarter last year.

Scholastic Corp (SCHL), the education publishing and media group reported revenue in the first-quarter ending in August jumped 3% to $283.8 million from a year ago period.

Net loss in the quarter widened to $34.1 million or $1.05 a diluted share compared to $29.9 million or 94 cents from a same quarter last year.

Worthington Industries, Inc (WOR), the diversified metals processing company net sales in the first-quarter ending in August climbed 24.6% to $862.4 million from a year ago period.

Net income in the quarter plummeted 19% to $44.2 million or 63 cents a diluted share compared to $54.6 million or 76 cents from a 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