Robbins & Myers, Inc. (RBN) Tops Q3 EPS by 4c, Guides Higher for FY
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Robbins & Myers, Inc. (NYSE: RBN) reports Q3 EPS of $0.62, 4 cents better than estimates.
Third quarter fiscal 2008 sales increased 17% over the prior year third quarter to $201 million, and orders increased 10% to $205 million. (Consensus is $190.15 million)
The Company announced that it is increasing its full fiscal year 2008 DEPS guidance from $1.93-$2.03 to $2.26-$2.31, which includes $0.16 of benefits from asset sales during the first nine months of the year. (Consensus is $2.05)
The Company also established fourth quarter fiscal 2008 DEPS guidance of $0.62-$0.67, as compared with actual results of $0.55 in the fourth quarter of 2007, which included a $0.03 gain from a property sale. (Consensus is $0.60)[SM]
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