Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
HOUSTON - Commercial printer Consolidated Graphics Inc. said Wednesday that its fiscal second-quarter profit fell 22 percent, but the results--boosted by acquisitions and an uptick in election-related printing--beat expectations.
| CGX | 23.45 |  -0.98 |
Profit for the quarter ended Sept. 30 fell to $10.3 million, or 90 cents per share, from $13.3 million, or 98 cents per share last year. Analysts polled by Thomson Reuters, on average, predicted a profit of 66 cents per share.
Revenue rose 14 percent to $297 million from $259.7 million. Revenue was helped by acquisitions and a 1 percent increase in sales in stores open at least one year, a key retail metric known as same-store sales.
Same-store sales were boosted by election-related printing, the company said.
The Houston company said, however, that it faces a difficult environment and tough competition in the third quarter. It offered profit guidance for the quarter below expectations.
Shares rose 36 cents, or 2.5 percent, to $14.66 during afternoon trading.
You've heard the talk of "Green" throughout the whole of 2008, bu...
Lenovo, with its IdeaPad line series is previewing Y-Series IdeaPad Y650 laptops at CES in Las Vegas together with other new Ideapad Y-series.
Australian retail sales rose in November, backed by sharp reduction in the country's base interest rate, heavy discounts at retailers and fa...
Cisco will unveil new consumer products and initiatives during apress conference at the 2009 ...
Get your next web design project done with our los angeles web design team - Best web design with great price.
Building your business and corporate credit for your small business.
Buy Real Estate, Tax Liens, and more- Fund your business or franchise without debt
Partners   
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
