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Zep Q2 Profit Rises - Quick Facts

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4/9/2012 9:07 AM ET

Zep Inc. (ZEP: Quote), 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.

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by RTT Staff Writer

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Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter. Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin. Russian Foreign Minister Sergei Lavrov warned Wednesday that Moscow would retaliate strongly if its "interests" in Ukraine are attacked. He also criticized the Ukrainian administration for relaunching its so-called anti-terrorist operation in the east of the country a day earlier. Lavrov's remarks came in an interview with Russia Today, which published excerpts of the English-language interview to
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