Zep Inc. (ZEP), Monday, reported a rise in profit for the second quarter as revenues increased.
The Atlanta, Georgia-based company reported a fourth-quarter net profit of $2.43 million or
$0.11 per share, compared to $2.15 million or $0.10 per share last year.
On average, three analysts polled by Thomson Reuters expected the company to earn $0.09 in the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose 3.3 percent to $151.72 million from $146.84 million in the prior-year quarter. Two analysts had a consensus revenue estimate of $148.35 million for the quarter.
by RTT Staff Writer
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