Multi-Color Corp (LABL) Surges On Strong Q4 Results
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Shares of Multi-Color Corp (NASDAQ: LABL) are jumping higher today after the company reported Q4 Non-GAAP EPS of $0.48, $0.12 better than the analyst estimate of $0.36. Revenue for the quarter came in at $90.1 million versus the consensus estimate of $86.99 million.
Commenting on the year the CEO said, "Fiscal 2011 has seen higher expectations met in terms of setting a new benchmark for higher earnings to sales ratio. Operating income increased 41%, net income increased 29% and diluted earnings per share increased 21% compared to the prior year. Adjusted operating profit as a percent of sales reached 12% for the first time driving these increases."
Commenting on the year the CEO said, "Fiscal 2011 has seen higher expectations met in terms of setting a new benchmark for higher earnings to sales ratio. Operating income increased 41%, net income increased 29% and diluted earnings per share increased 21% compared to the prior year. Adjusted operating profit as a percent of sales reached 12% for the first time driving these increases."
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