Clarcor Inc. (CLC) reported that its first-quarter net earnings attributable to the company remained flat at $23.5 million for both the comparable quarters. However, on a per share basis, earnings rose by a penny to $0.47 per share from $0.46 per share in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.46 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, net sales for the quarter fell slightly to $256.27 million from $257.26 million in the prior year quarter. Six analysts had consensus revenue estimate of $258.47 million for the quarter.
For fiscal 2013, the company reaffirmed its earnings in the range of $2.45 to $2.60 per share, and sales growth of 2.5% to 4.0%. Analysts currently expect the company to report earnings of $2.57 per share on revenues of $1.16 billion for fiscal 2013.
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