Angelica Corporation (AGL) Tops Q1 EPS by 2c
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Angelica Corporation (NYSE: AGL) reports Q1 EPS of $0.22, 2 cents better than estimates.
Revenues for the first quarter of fiscal 2008 were $109.7 million, up 1.8% from $107.8 million for the first quarter of fiscal 2007, despite the closure of the Edison, New Jersey service center in the fourth quarter of fiscal 2007. (no revenue estimate available)
Commenting on the results, Steve O'Hara, president and chief executive officer, stated, "We are pleased that our business rebounded in the fiscal first quarter 2008 as projected, enabling the signing of the Definitive Merger Agreement on May 22, 2008 with Lehman Brothers Merchant Banking."
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