CLARCOR (CLC) Misses Street's Q2 Views; Guides FY09
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CLARCOR Inc. (NYSE: CLC) reports Q2 EPS of $0.33, 5 cents lower than the analyst estimate of $0.38 but down 31.25% from the same quarter last year. Revenue for the quarter was $229.4 million, versus the consensus of $242.66 million.
Sees FY09 EPS of $1.40-$1.60, which compares to the Street estimate of $1.56. Sees 2H09 sales up 13-15%. Sees Q3 sales, operating profit sequentially better than Q2 and sees a better Q4 than Q3.
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